Ocwen’s Strategy Shift Notches Modest Win in Q2 Earnings

National Mortgage News, Aug. 4, 2022–Bonnie Sinnock (subscription)
Ocwen Financial eked out a second quarter profit due to cost cuts, appreciation in owned mortgage servicing rights, and a shift to higher-margin correspondent products, all of which offset challenging market conditions that were particularly hard on reverse mortgage lending.
https://www.nationalmortgagenews.com/news/ocwens-strategy-shift-notches-modest-win-in-q2-earnings