Ocwen Posts Strong Earnings, Firm Poised to Become Nation’s Largest Subprime Servicer

Buoyed by gains from mortgage servicing revenue, Ocwen Financial Corp., Atlanta, reported net income of $26.4 million in the second quarter, up 65% from the $16 million it earned in the same quarter last year.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_403/ocwen-1025997-1.html

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