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Ocwen Blames $7 Million Revenue Decline on Weak Reverse Mortgage Demand 

Jul 26, 2018By

Ocwen Financial Corporation (NYSE: OCN) saw lending revenues decline by $7 million between the first and second quarters of 2018, and management blamed the drop on weaker demand for reverse mortgages. “Much of the decline was a result of the drop in reverse lending profitability, driven by higher competition for lower reverse mortgage volumes in […]