The Real Deal Miami

Ocwen Financial boosts earnings

November 07, 2008 11:16AM

West Palm Beach-based Ocwen Financial Corporation increased
its income to $15.6 million in the third quarter, up 160 percent from
million for the same period in 2007. The company said it helped 22,000
families retain their homes by arranging loan workouts, serviced
nearly $41.8 billion in loans and repossessed 22.7 percent of
properties in the third quarter.