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Ocwen Financial press release ( NYSE: OCN ): Q1 net loss of $40 million, driven by a $39 million reduction in unrealized MSR fair value due to lower interest rates.
Adjusted pre-tax income of $6 million, driven by strong servicing performance.
Revenue of $262M (+12.9% Y/Y) beats by $11.09M .
Total liquidity of $233 million as of March 31, 2023, an increase of 7% over December 31, 2022.