|Bid||1.7700 x 2200|
|Ask||2.0300 x 1400|
|Day's Range||1.8600 - 2.0500|
|52 Week Range||1.2000 - 4.8400|
|Beta (3Y Monthly)||1.64|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 30, 2019 - May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.00|
WEST PALM BEACH, Fla., April 16, 2019 -- Ocwen Financial Corporation (NYSE:OCN) (“Ocwen” or the “Company”), a leading financial services holding company, announced today that.
Ocwen Financial Corporation (OCN) (“Ocwen” or the “Company”), a leading financial services holding company, today issued the following statement in conjunction with the resolution of the lawsuit filed against the Company by the Massachusetts Office of the Attorney General in April 2017. While Ocwen believes that it has sound legal and factual defenses, we concluded that settling this matter in order to avoid the distraction and expense of litigation is in the best interest of Ocwen and its constituents, and resolves another legacy matter. The resolution includes a payment to the Commonwealth of Massachusetts of $675,000, a loan modification program for certain eligible Massachusetts borrowers and certain already-completed relief.
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.
Reported a Net Loss of $(2.3) million for the fourth quarter of 2018 and a Net Loss of $(70.8) million for the full year 2018 Completed the acquisition of PHH Corporation,.
Ocwen Financial Corporation (OCN) (“Ocwen” or the “Company”), a leading financial services holding company, today announced the appointment of June C. Campbell as Chief Financial Officer, effective March 4, 2019, following the Company’s filing of its Annual Report on Form 10-K for the year ended December 31, 2018. Ms. Campbell joins Ocwen from GE Capital, where she held multiple senior management positions in Finance, Capital Markets and Operations during her more than 20-year career at the company.
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 ...
Ocwen Financial Corporation (OCN) (“Ocwen” or the “Company”), a leading financial services holding company, today announced the appointment of Jenne K. Britell and Kevin Stein to its Board of Directors (“Board”), effective as of the day following the Company’s filing of its Annual Report on Form 10-K for the year ended December 31, 2018, which is anticipated to occur within the next two weeks. “We are very pleased to welcome Jenne and Kevin to the Ocwen Board,” said Phyllis Caldwell, Chair of Ocwen’s Board.
Ocwen Financial Corporation (OCN) will hold a conference call on Wednesday, February 27, 2019 at 8:30 a.m. (ET) to review the Company’s 4th Quarter 2018 operating results. These events will follow Ocwen’s 4th Quarter 2018 earnings release. The release will also be available on the Ocwen Financial Corporation website at www.ocwen.com (through a link on the Shareholder Relations page). A live audio webcast and slide presentation for the call will be available over the internet at www.ocwen.com (through a link on the Shareholder Relations page). For more information on prior releases and SEC Filings, please refer to the "Shareholder Relations" section of our website at www.ocwen.com.
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.
Liberty Home Equity Solutions, REMN Wholesale and Angel Oak Mortgage Solutions team up to help originators diversify offerings into reverse, renovation, and non-QM products RANCHO CORDOVA, Calif. , Feb. ...
Liberty Home Equity Solutions, Inc. (“Liberty” or “Company”), one of the nation’s largest and most experienced reverse mortgage lenders, today announced the Company has been named one of the Best Mortgage Companies to Work for by National Mortgage News for 2019. Liberty is a wholly owned subsidiary of Ocwen Financial Corporation (OCN), a leading financial services holding company.
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.
Hedge funds and other investment firms run by legendary investors like Israel Englander and Ray Dalio are entrusted to manage billions of dollars of accredited investors’ money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to invest a […]
NEW YORK, Nov. 28, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
HOPE NOW disaster relief events to provide support and assistance to help homeowners rebuild their lives WEST PALM BEACH, Fla., Nov. 14, 2018 -- Ocwen Financial Corporation.
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. ...
Reported a net loss of $41 million, or $0.31 per shareEnded the quarter with $255 million of cashCompleted acquisition of PHH Corporation for $358 million in cashGlen A. Messina.