Embattled Ocwen reports nearly $600M loss for 4Q

Mortgage servicer saddled with $150M settlement with New York regulators

Still saddled with a $150 million total regulatory settlement announced late last year, Ocwen Financial Corp. has announced a preliminary loss of $598.4 million for the fourth quarter of 2014. That’s a loss of $4.77 per share, compared with net income of $134.3 million, or 95 cents per share, in the same period of 2013.