Home lending activity was off at Ocwen Financial Corp., though not as much as at its peers. Losses rose from the prior quarter but fell from a year prior.
The West Palm Beach, Florida-based organization experienced a pre-tax loss of $30 million during the period started on Jan. 1, 2017, and ended March 31.
Ocwen provided the numbers, along with other operational and financial results, in its earnings report for the first quarter of this year.
Source: Mortgage Daily