Active Stocks Trader's Buzzer: Ocwen Financial (NYSE:OCN), Microchip ... - wsnewspublishers
On Tuesday, Shares of Ocwen Financial Corp (NYSE:OCN), gained 0. 27% to $7. 51. Ocwen Financial Corporation, stated net income of $10 million, or $0. 08 per share, for the three months ended June 30, 2015 contrast to net income of $67 million, or... Income from operations was $111 million for the three months ended June 30, 2015 contrast to $208 million for the second quarter of 2014. Cash from Operating Activities was $210 million for the three months ended June 30, 2015, up $196 million... We executed on our asset sale strategy, counting the sale of $3 billion of non-performing agency servicing, and we reduced corporate debt by $264 million while ending the quarter with almost half a billion dollars in accessible liquidity. Additionally, we executed our first servicing advance refinance of 2015 at better than predictable rates, receiving strong support from the financing market,” commented Ron Faris, President and CEO of Ocwen. Ocwen Financial Corporation, a financial services holding company, engages in servicing and origination of mortgage loans in the United States. Its Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset administration services to owners of mortgage loans and foreclosed real estate. Source: www.wsnewspublishers.com
