In a Wednesday research report, the firm wrote that forecasted 18% return on equity in 2022 should drive the company's stock to book value. The firm added that the company's key performance metrics are in line with peers and that it remains upbeat on the secular tailwinds for the non-bank mortgage servicing industry.
Moreover, B. Riley wrote that Ocwen's platform remains uniquely positioned to create value for shareholder and that its low cost to service continues drive earnings.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
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