OCN - Ocwen Financial Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
+0.13 (+3.62%)
As of 3:37PM EDT. Market open.
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Previous Close3.59
Bid3.67 x 1800
Ask3.68 x 1800
Day's Range3.52 - 3.73
52 Week Range2.95 - 4.84
Avg. Volume777,740
Market Cap498.153M
Beta (3Y Monthly)-0.42
PE Ratio (TTM)N/A
EPS (TTM)-0.59
Earnings DateOct 31, 2018 - Nov 5, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date1999-08-26
1y Target Est4.50
Trade prices are not sourced from all markets
  • Ocwen closes $360M PHH acquisition
    American City Business Journals11 days ago

    Ocwen closes $360M PHH acquisition

    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.

  • GlobeNewswire12 days ago

    Ocwen Financial Completes Acquisition of PHH Corporation; Glen Messina Becomes President and Chief Executive Officer

    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.

  • PHH, Ocwen to close $360 million deal Thursday morning
    American City Business Journals15 days ago

    PHH, Ocwen to close $360 million deal Thursday morning

    The deal, announced in February, combines two mortgage companies that had been struggling with financial and regulatory issues in recent years.

  • GlobeNewswire15 days ago

    Ocwen Financial Intends to Close Its Acquisition of PHH Corporation on Thursday, October 4, 2018

    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.

  • MarketWatch18 days ago

    SEC charges executive of mortgage servicer with insider trading

    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.

  • GlobeNewswire18 days ago

    Ocwen Financial Provides Update on Acquisition of PHH Corporation

    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's21 days ago

    PHH Mortgage Corporation -- Moody's Assigns an SQ3 to PHH Mortgage as a Servicer of Prime, Subprime, Second Lien and as a Special Servicer

    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.

  • GlobeNewswire21 days ago

    Ocwen and Bridgeport Neighborhood Trust Joining Forces To Help Connecticut Homeowners Better Afford Their Homes

    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.

  • GlobeNewswire26 days ago

    Ocwen To Help Nevada Homeowners at Nevada Hardest Hit Fund Borrower Outreach Event

    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'slast month

    Ocwen Financial Corporation -- Moody's revises Ocwen's outlook to stable

    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").

  • GlobeNewswire2 months ago

    Detailed Research: Economic Perspectives on Solaris Oilfield Infrastructure, Northern Dynasty Minerals, Nautilus Group, Ocwen Financial, Keane Group, and Kirkland's — What Drives Growth in Today's Competitive Landscape

    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 ...

  • GlobeNewswire2 months ago

    Ocwen, New Jersey Citizen Action and the NAACP Working Together To New Jersey Homeowners Better Afford Their Homes

    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.

  • Thomson Reuters StreetEvents3 months ago

    Edited Transcript of OCN earnings conference call or presentation 26-Jul-18 12:30pm GMT

    Q2 2018 Ocwen Financial Corp Earnings Call

  • Associated Press3 months ago

    Ocwen: 2Q Earnings Snapshot

    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. ...

  • GlobeNewswire3 months ago

    Ocwen Financial Announces Operating Results for Second Quarter 2018

    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 ...

  • GlobeNewswire3 months ago

    Ocwen Financial Corporation Schedules Conference Call - 2nd Quarter 2018 Results

    Ocwen Financial Corporation (OCN) will hold a conference call on Thursday, July 26, 2018 at 8:30 a.m. (ET) to review the Company’s 2nd Quarter 2018 operating results.  These events will follow Ocwen’s 2nd 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). For more information on prior releases and SEC Filings, please refer to the "Shareholder Relations" section of our website at www.ocwen.com.

  • ACCESSWIRE3 months ago

    Breakfast Technical Briefing on Ally Financial and Three Other Additional Mortgage Investment Stocks

    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.

  • CNBC3 months ago

    US Commerce Secretary Wilbur Ross says he will sell all of his stocks after ethics office letter

    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 says he shorted two more stocks during his time as Commerce secretary
    CNBC3 months ago

    Wilbur Ross says he shorted two more stocks during his time as Commerce secretary

    Wilbur Ross revealed to CNBC that he shorted shares in two more companies, Air Lease and Ocwen Financial Corporation, than previously had been reported.

  • Is Ocwen Financial Corporation (NYSE:OCN) Undervalued?
    Simply Wall St.4 months ago

    Is Ocwen Financial Corporation (NYSE:OCN) Undervalued?

    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...

  • CNBC4 months ago

    Stocks making the biggest moves premarket: GE, LEN, FDS, HOG, VALE & 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 .