- That $15M charge disclosed in the Q2 earnings release is apparently a hint that settlement with the California monitor could be close at hand. It's a pretty big deal, says an Ocwen (NYSE:OCN) bull, as most of the company's monitor costs were related to California.
- Ocwen paid a whopping $28M in monitor costs in Q2, but $21M of that was for California.
- Conference call webcast and presentation slides
- Shares +22.7% after hours on heavy volume.
- Up 8.3% alongside is major Ocwen vendor, Altisource Portfolio Solutions (NASDAQ:ASPS).
Ocwen Financial soars on hopes for settlement with California
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| Symbol | Last Price | % Chg |
|---|---|---|
| OCN | - | - |
| Ocwen Financial Corporation | ||