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Ocwen’s black Monday: Nonbank discloses cavalcade of bad news 

Feb 29, 2016By

Ocwen Financial reported its fourth quarter and full-year 2015 financial results on Monday morning, and the news wasn’t good. The nonbank disclosed that it posted a big loss in 2015, making it the second year in a row that the company took a loss. And not only did the nonbank take a loss in 2015, it expects to take another in 2016. And that’s not all. Ocwen also disclosed that it is currently under an SEC investigation.

3d rendering of a row of luxury townhouses along a street

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