February 28, 2013 at 11:37 AM EST
Healthier Housing, Fatter Loan Pool Boosts Ocwen
An expanding base of mortgage loans helped nonbank loan servicer Ocwen Financial Corporation (OCN) deliver better than expected fourth quarter results. And Ocwen has bought more servicing business since the end of the quarter, which management said should help accelerate revenue and profits. "In addition to excellent growth opportunities in the near-term, Ocwen is well-positioned for the eventual recovery of the housing market, which should expand
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