Updated with additional information on Ocwen Financial. NEW YORK ( TheStreet) -- In any economy there's a growth industry and investors should check out two linked companies riding the wave of mortgage loan delinquencies and foreclosures.
unpaid principal balance acquisitions/transfers, and the company indicated its pipeline of deals under review has increased to $300 billion." The analyst estimates that Ocwen's 2012 operating income will be $1.60 a share, increasing from 2011 operating EPS of $1.12. Ocwen's shares trade for just under 10 times the consensus 2012 EPS estimate of $1.48. All four analysts covering Ocwen rate the shares a buy. -- Written by Philip van Doorn in Jupiter, Fla. To contact the writer, click here: Philip van Doorn.