May 3, 2017 / 11:14 AM / 5 months ago

BRIEF-Ocwen Financial reports Q1 loss per share $0.26

May 3 (Reuters) - Ocwen Financial Corp:

* Ocwen Financial announces preliminary operating results for first quarter 2017

* Q1 GAAP loss per share $0.26

* Q1 revenue fell 2.7 percent to $321.9 million

* Q1 earnings per share view $-0.18 -- Thomson Reuters I/B/E/S

* Delinquencies decreased from 11.2 pct at Dec. 31, 2016 to 10.7 pct at March 31, 2017, primarily driven by loss mitigation efforts

* Recent reviews have not identified past or present systematic issues with foreclosure sale processes

* “One area where we continue to invest is in strengthening our risk and compliance infrastructure”

* Last 4 qtrs of testing in 2016 by independent internal review group confirmed no tested national mortgage settlement metrics were “out of tolerance” Source text for Eikon: Further company coverage:

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