Out Fox The $treet

While the market remains focused on chasing every business run by Elon Musk, it continues to ignore huge cash flow generators such as Ocwen Financial (NYSE: OCN ) . The company grew revenue by 147% during the first quarter of 2013 yet all indications are that the pipeline is loaded with further growth. The mortgage servicing sector has become a very profitable business since the financial crisis as large banks have sold more » Disclosure: No position mentioned. Please review the disclaimer page for more details. 

The mortgage servicing business has become a very profitable business since the financial crisis as large banks have sold the rights to smaller, focused firms such as Ocwen Financial (NYSE: OCN ) . The ongoing trend of banks selling off non-core servicing assets is expected to continue as many large and some regional banks see the servicing of delinquent loans as harmful to the banks consumer franchise--not to mention the fact that more » Disclosure: No positions mentioned. Please review the disclaimer page for more details.