Ocwens Debt Collection Unit Posts Loss in Q2 as NCI Integration Continues

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Ocwens Debt Collection Unit Posts Loss in Q2 as NCI Integration Continues
Mortgage loan servicer and accounts receivable management firm Ocwen Tuesday reported a sharp decline in net income in the second quarter of 2008. The company’s debt collection unit posted a loss of $2.6 million. West Palm Beach, Fla.-based Ocwen Financial Corporation (NYSE: OCN) said that net income in the second quarter of 2008 fell to $0.1 million from $27.2 million in the same quarter
 
Topic: Collections Industry