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Banking

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Ocwen Returns to Profit as Mortgage Services Soar 

May 07, 2009By

Ocwen Financial [stock OCN][/stock] posted a $15.1m profit — $0.24 per share — for Q109 despite a $4.6m net unrealized loss on loans held for sale, compared with a $5.3m profit in the year-ago period. The gain comes after Ocwen lost a net $3.7m in Q408.

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