Marketwatch staffer Lisa Beilfuss reports on an Ocwen quarterly loss of $111.3 million, or 90 cents a share, on revenue of $330 million, a 35% decline in sales.

Beilfuss notes that Ocwen has pared down its mortgage-servicing rights and shifted its focus to mortgages not owned by government agencies, as it sold off assets and reduced its workforce. She writes:

The company attributed the steep quarterly loss to the impact of sales of agency mortgage servicing rights and to higher monitoring costs.

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