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Ocwen Financial trades lower after reporting Q2 earnings, interest rates and asset sales impact

Aug. 04, 2022 12:25 PM ETOCNBy: Mary Christine Joy, SA News Editor

Closeup shot of an unrecognisable businesswoman calculating finances in an office

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Non-bank mortgage servicer and originator Ocwen Financial Corporation (OCN) is trading ~20% lower after its Q2 results, impacted by higher interest rates and spreads and planned asset sales.

The company's adjusted pre-tax loss stood at $26M, compared to an income

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