3.84 0.00 (0.00%)
After hours: 4:19PM EDT
|Bid||3.80 x 800|
|Ask||3.87 x 1300|
|Day's Range||3.73 - 3.88|
|52 Week Range||2.95 - 4.84|
|Beta (3Y Monthly)||-0.42|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 31, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.50|
NEW YORK, Oct. 17, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Ocwen Financial Corporation (OCN), a leading financial services holding company, will join forces with Cambridge Credit Counseling, a not-for profit U.S. Department of Housing and Urban Development approved housing counseling organization, to host a free mortgage assistance event for Massachusetts homeowners having trouble making their mortgage payments. The event is exclusively for Ocwen customers and will be held from 9:00 am - 2:00 pm Eastern Time on Saturday, October 20, 2018 at Cambridge Credit Counseling, located at 67 Hunt Street, Suite 305, Agawam, MA 01001.
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.
Ocwen Financial Corporation (OCN) (“Ocwen” or the “Company”), a leading financial services holding company, today announced the completion of its acquisition of PHH Corporation (“PHH”), a mortgage platform with established servicing and origination recapture capabilities, effective October 4, 2018 for approximately $360 million in cash or $11 per diluted common share. As previously announced, concurrent with the closing of the PHH merger, Glen A. Messina became the President and Chief Executive Officer of Ocwen and a member of Ocwen’s Board of Directors. “The close of this acquisition marks a new chapter in our history, and creates a strong non-bank mortgage servicer, positioned for growth, and better able to serve borrowers and loan investors,” commented Phyllis Caldwell, Chair of Ocwen’s Board of Directors.
The deal, announced in February, combines two mortgage companies that had been struggling with financial and regulatory issues in recent years.
Ocwen Financial Corporation (OCN) (“Ocwen” or the “Company”), a leading financial services holding company, intends to close its acquisition of PHH Corporation (PHH) (“PHH”) on Thursday, October 4, 2018. As previously announced, under the terms of the merger agreement, Ocwen will acquire all outstanding shares of common stock of PHH for approximately $360 million in cash or $11 per diluted common share. Ocwen Financial Corporation is a financial services holding company which, through its subsidiaries, services and originates loans.
The Securities and Exchange Commission charged Bryan R. Ziegenfuse, a vice president of Servicing for Ocwen Financial Corporation, a mortgage servicing company with multiple instances of insider trading on Friday. The SEC's complaint, filed in federal court in Pennsylvania, says Ziegenfuse learned material non-public information about Ocwen's merger negotiations with PHH Corporation and also about Ocwen's resolution of lawsuits brought by ten states regarding deficiencies in its mortgage lending and servicing units. He also became aware of a prospective enforcement action against the company by the Consumer Financial Protection Bureau. Ziegenfuse allegedly gained approximately $64,000 in illegal profits after trading in the shares and call options of PHH, Ocwen and an Ocwen business partner Altisource Portfolio Solutions based on his awareness of this confidential information. The SEC is seeking return of al of Ziegenfuse's alleged illegal profits.
Ocwen Financial Corporation (OCN) (“Ocwen” or the “Company”), a leading financial services holding company, provides the following update on its pending acquisition of PHH Corporation (PHH) (“PHH”). As previously disclosed, Ocwen and PHH have been working diligently to close the pending transaction. The approval from the New York Department of Financial Services is subject to certain conditions, as further described in Ocwen’s Form 8-K filed today, available at http://shareholders.ocwen.com/financial-information/sec-filings.
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.
Ocwen Financial Corporation (NYSE: OCN), a leading financial services holding company, and Bridgeport Neighborhood Trust (BNT), a non-profit organization that provides an array of services in the Bridgeport community, will host a borrower outreach event to discuss loan modification options with families who are having trouble making their mortgage payments. This event is designed exclusively for Ocwen customers and will be held from 11:00 am – 7:00 pm Eastern Time on Monday October 1, 2018, at Bridgeport Neighborhood Trust located at 570 State Street, Bridgeport, CT. Homeowners who attend the event will meet one-on-one with Ocwen Home Retention Agents and housing counselors from Bridgeport Neighborhood Trust, a U.S. Department of Housing and Urban Development-approved counseling agency.
Ocwen Financial Corporation (OCN), a leading financial services holding company, announced today that members of the Company’s home retention team will be at an upcoming Nevada Hardest Hit Fund borrower outreach event in Las Vegas to discuss potential loan modification options with families having trouble making their mortgage payments. This event, which is being coordinated by the Nevada Affordable Housing Assistance Corporation, the administrator of the Nevada Hardest Hit Fund (HHF), will be held from 9:00 am – 1:00 pm on Saturday, September 22, 2018. It will take place at Legacy High School located at 150 W. Deer Springs Way, North Las Vegas, Nevada.
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").
NEW YORK, Aug. 23, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Solaris ...
Homeowners are invited to join NJCA, Ocwen, and the NJ NAACP for a complimentary dinner and an informative presentation on how NJCA's free HUD-certified Loan Counseling Program can help homeowners, who are having difficulty paying their mortgages, find the right mortgage solution. The event is exclusively for Ocwen customers and will include information regarding state and local resources that may assist borrowers with making their mortgages more affordable.
On a per-share basis, the West Palm Beach, Florida-based company said it had a loss of 22 cents. The mortgage servicer posted revenue of $253.6 million in the period. The company's shares closed at $3.70. ...
Reported a Q2 2018 net loss of$ million, a $15 million improvement over Q2 2017 Generated $97 million of Cash Flows from Operating Activities during the quarter Helped over 10,700 struggling families remain ...
LONDON, UK / ACCESSWIRE / July 13, 2018 / If you want a free Stock Review on ALLY sign up now at www.wallstequities.com/registration. Companies in the Mortgage Investment industry focus primarily on investing in mortgaged-backed securities and other real estate activities. Many companies within this industry are organized as real estate investment trusts, which results in a high-average dividend yield for the sector.
U.S. Commerce Secretary Wilbur Ross said in a statement Thursday evening that he would be selling all of his equity holdings and buying Treasury securities with the proceeds. "As a high level public official, you have an affirmative duty to protect the public trust and serve as a model of ethical behavior.
Wilbur Ross revealed to CNBC that he shorted shares in two more companies, Air Lease and Ocwen Financial Corporation, than previously had been reported.
Ocwen Financial Corporation (NYSE:OCN), operating in the financial services industry based in United States, saw significant share price volatility over the past couple of months on the NYSE, rising toRead More...
GE announced plans to spin off its health-care unit , selling 20 percent and distributing the rest to shareholders, and it will also exit its stake in Baker Hughes BHI over the next two to three years. Today is also the first time since 1907 that the Dow Jones Industrial Average will trade without GE as a member, with the stock replaced in the Dow by Walgreens Boots Alliance WBA .