Ocwen Sees Losses Narrow
Companies in the mortgage industry have dealt with unprecedented levels of litigation and regulatory scrutiny over the past decade, and long after the end of the financial crisis, some players in the area still face considerable oversight. Ocwen Financial (NYSE: OCN) has had to work through numerous regulatory issues, yet the mortgage servicing company has made huge efforts to move beyond difficult times and find ways to return to a growth trajectory for its core business.
Coming into Thursday's third-quarter financial report, Ocwen investors didn't see the company completely bouncing back, but they wanted signs that the mortgage servicer was still making progress. Ocwen's numbers were somewhat better than expected. Yet investors need to be prepared to wait longer for a full recovery. Let's take a closer look at Ocwen Financial to see what's happening with the business right now.
Image source: Ocwen Financial.
Source: Fool.com
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