Ocwen reports q1 loss per share $0.19

Ocwen financial announces operating results for first quarter 2020.q1 loss per share $0.19.qtrly financial results included $78 million unfavorable impact on pre-tax loss due to changes in interest rates.qtrly financial results included $62 million income tax benefit relating to changes in nol utilization rules under cares act.qtrly pre-tax income before notable items includes a $7 million unfavorable impact of covid-19 during quarter.ocwen financial -q1 pre-tax income before notable items includes $3 million unfavorable impact due to seasonal changes in employee costs, escrow balances versus q4.qtrly ended quarter with $263.6 million of cash.qtrly exploring all strategic options.not providing near term earnings guidance.
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