Ocwen Financial recently reported a large loss in the fourth quarter of 2015 along with investigations by a number of regulators, leading to a sharp decline in the company’s stock price and pressure to restructure its priorities. Ocwen took a pre-tax loss of $129.3 million for the fourth quarter of 2015. The biggest contributor to the loss was a non-cash charge of $101.9 million to establish a valuation allowance against deferred tax assets in the United States and the U.S. Virgin Islands ...
At press time, MFA's shares were up slightly on the day to $10.32 a unit. Its 52-week low is $9.36, its high $13.45.
News Tailored to Your Needs
Get Focused Coverage
Inside Mortgage Finance's newsletters break the mortgage market down so you get the news and data you need most, whether it's total industry coverage or just the news related to securitization, regulation, profits or other specific topics.