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
$6
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
nonperforming
properties in the third quarter.