Buoyed by gains in mortgage-servicing revenue, Ocwen Financial Corp. in Atlanta reported net income of $26.4 million in the second quarter, up 65% from the $16 million it earned in the same quarter last year.

The company said in its earnings announcement Thursday that its revenue rose 39% year over year, to nearly $106 million, due largely to a 28% jump in the size of its mortgage-servicing portfolio, to $70.8 billion.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.