Ocwen improves overall reverse mortgage performance despite volume contraction
Housing Wire
MAY 2, 2024
In Q4 2023, the company reported a GAAP net loss of $47 million. Reverse servicing increased its profitable contribution with higher gains on loans held for sale, even as volume contracted,” said Sean O’Neill, Ocwen’s chief financial officer. It was driven primarily by improvements in servicing and origination.
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