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Ocwen Financial Corporation announced an agreement with Oaktree for a $250 million debt investment and reported a net loss of $7.2 million for Q4 2020. The company's profitability was significantly impacted by certain legacy legal matters, but adjusted pre-tax income was $15.2 million.
Executed agreement with Oaktree for $250 million investment.
Profitability impacted by legacy legal matters.
Adjusted pre-tax income was $15.2 million.
Transformed into balanced and diversified originator and servicer.
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