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Actionable news in OCN: OCWEN FINANCIAL CORPORATION,

Ocwen narrows loss, but revenue disappoints

Ocwen Financial Corp. narrowed its loss during the third quarter, though the embattled mortgage-servicing company posted a 21% drop in revenue.

After more than a year of problems with regulators, Ocwen has been working to sell some of its mortgage-servicing rights and concentrate on mortgages not owned by government agencies. It has also been cutting jobs and in September announced plans to cut about 10%...


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