1.6700 0.00 (0.00%)
After hours: 4:25PM EDT
|Bid||1.6800 x 900|
|Ask||1.6900 x 800|
|Day's Range||1.6200 - 1.7200|
|52 Week Range||1.2000 - 4.7000|
|Beta (3Y Monthly)||1.50|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The West Palm Beach, Florida-based company said it had a loss of 33 cents per share. The mortgage servicer posted revenue of $303.9 million in the period. The company's shares closed at $1.73. A year ago, ...
Moody's Investors Service ("Moody's") stated today that the proposed transfer of mortgage servicing (master, primary, or sub-servicing) to PHH Mortgage Corporation ("PMC"), an affiliate of Ocwen Financial Corporation, from Ocwen Loan Servicing, LLC ("OLS"), another affiliate of Ocwen Financial Corporation, for approximately 192 transactions (approximately 74,000 loans) due to the proposed merger of OLS into PMC, will not, in and of itself and at this time, result in a downgrade or withdrawal of the current ratings on the bonds in the affected transactions. Ocwen Financial Corporation requested that Moody's provide its opinion on whether the ratings on the bonds backed by mortgage loans subject to the merger would be downgraded or withdrawn as a result of the proposed change in the servicer of record to PMC due to the merger with OLS.
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Moody's Investors Service ("Moody's") stated today that the appointment of PHH Mortgage Corporation ("PMC"), an affiliate of Ocwen Financial Corporation, as subservicer to Ocwen Loan Servicing, LLC ("OLS"), another affiliate of Ocwen Financial Corporation, for 158 transactions (approximately 87,000 loans) will not, in and of itself and at this time, result in a downgrade or withdrawal of the current ratings on the bonds in the affected transactions. For a list of transactions affected by this announcement, please click on the following link.
The company said some affected employees will be laid off while others will transfer to its Mount Laurel, N.J. location.
Moody's Investors Service ("Moody's") stated today that the proposed transfer of mortgage servicing rights (master, primary, or sub-servicing) from Homeward Residential, Inc. ("HRI"), an affiliate of Ocwen Financial Corporation, to PHH Mortgage Corporation ("PMC"), another affiliate of Ocwen Financial Corporation, for approximately 39 transactions (approximately 22,370 loans) will not, in and of itself and at this time, result in a downgrade or withdrawal of the current ratings on the bonds in the affected transactions. Pursuant to a proposed merger planned for February 28, 2019, HRI will merge with and into PMC, with PMC as the surviving entity.
Ocwen Financial (NYSE: OCN ) unveils its next round of earnings this Wednesday, Feb. 27. Here is Benzinga's everything-that-matters guide for this Tuesday's Q4 earnings announcement Earnings and Revenue ...
The U.S. Department of Justice said that PHH foreclosed on six homes of military members between 2010 and 2012, violating a federal statute that forbids such actions.
If you're interested in Ocwen Financial Corporation (NYSE:OCN), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could Read More...
Over a decade ago, developer Duane Venhuizen received entitlements for an office condominium project on Greenback Lane in Folsom, overlooking the American River.
Moody's Investors Service ("Moody's") upgraded the Corporate Family Ratings (CFR) of Mobile Mini, Inc. (Mobile Mini) to Ba3 from B1, Oxford Finance LLC (Oxford) to Ba2 from Ba3, New Residential Investment Corp. (New Residential) to Ba3 from B1, PennyMac Mortgage Investment Trust's (PMT) to Ba3 from B1, and Private National Mortgage Acceptance Co, LLC's (PennyMac) to Ba3 from B1. At the same time, Moody's affirmed Mobile Mini's B2 senior unsecured rating, Oxford's Ba3 senior unsecured rating, New Residential's B2 long-term issuer rating, PMT's B2 long-term issuer rating, PennyMac's B2 long-term issuer rating and Freedom Mortgage Corporation's (Freedom) B2 senior unsecured bond rating.
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On a per-share basis, the West Palm Beach, Florida-based company said it had a loss of 31 cents. The mortgage servicer posted revenue of $238.3 million in the period. The company's shares closed at $3.81. ...
The settlement with state attorneys general over mortgage servicing issues provides an estimated $1.2 million for Pennsylvanians.
Ocwen Financial Corp. has closed its previously announced $360 million acquisition of South Jersey mortgage company PHH Corp. The deal, announced Feb. 27, ends a rocky post-recession road for PHH, which delisted its stock from the New York Stock Exchange and becomes an Ocwen subsidiary. In 2017, the combined company originated more than $3 billion of residential mortgage loans including reverse mortgages. In conjunction with the closing, former PHH CEO Glen Messina has become president and CEO of the combined company.
The deal, announced in February, combines two mortgage companies that had been struggling with financial and regulatory issues in recent years.
Moody's Investors Service ("Moody's") has assigned PHH Mortgage Corporation (PHH) a servicer quality assessment of SQ3 as a Primary Servicer of Prime, Subprime, Second Lien residential mortgage loans and as a Special Servicer. The assessment is based on the company's average collection, loss mitigation and foreclosure and REO timeline management, above average loan administration and below average servicing stability. PHH Corporation, through its subsidiary PHH Mortgage, is one of the largest sub-servicers of residential mortgages in the United States.
Moody's Investors Service, ("Moody's") revised the outlooks for Ocwen Financial Corporation and Ocwen Loan Servicing LLC to stable from negative, and affirmed Ocwen Financial Corporation's Caa1 corporate family rating and Caa2 senior unsecured rating, as well as Ocwen Loan Servicing LLC's B3 senior secured bank credit facility rating and Caa2 senior secured rating. Ocwen Loan Servicing LLC is a wholly-owned subsidiary of Ocwen Financial Corporation (together "Ocwen").