Ocwen Financial Corp., parent company of PHH Mortgage Corp. and its subsidiary Liberty Reverse Mortgage, posted a $64 million loss in 2023 but sees a generally positive trajectory for its reverse mortgage origination and servicing businesses. This is according to an earnings release and conference call detailing the company’s fourth-quarter and full year 2023 results.

According to its earnings statements, Ocwen has seen mostly positive movement in its reverse mortgage business despite serious challenges in the mortgage industry at large. It posted an increase in gains from reverse mortgages details ⇒

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