Ocwen Revived: Where Do We Go From Here? by Oozing Alpha On June 17, 2016, I had posted on Oozing Alpha Has Ocwen Stock Been Sufficiently De-Risked? Since that post: The company reported significantly improved Q2 results on July 27. During Q2 earnings call, it announced that it is negotiating with California regulator (CA DBO) and has set aside a $15 million reserve for a potential settlement, an insignificant amount when compared with $30 million that Ocwen spends on monitor fees on a quarterly basis. On August 4, Ocwen successfully priced a $500 million securitization. On August 9, Ocwen received an…
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