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OCN - Ocwen pulls guidance as COVID-19 impacts business
Ocwen Financial Corporation
Due to the uncertainty caused by the COVID-19 pandemic, Ocwen Financial (NYSE:OCN) can no longer reaffirm previous guidance for pretax profitability, excluding income statement notables and amortization of New Residential Investment Corp. (NYSE:NRZ) lump-sum payments, in Q3 nor that adjusted pretax earnings will be positive for the year.
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