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Ocwen Financial Corp (OCN.N)

OCN.N on New York Stock Exchange

4.57USD
22 Mar 2017
Change (% chg)

$-0.02 (-0.44%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Ocwen Financial reports Q4 loss per share $0.08
Wednesday, 22 Feb 2017 04:20pm EST 

Ocwen Financial Corp - : Ocwen Financial announces operating results for fourth quarter and full year 2016 . Q4 loss per share $0.08 . Q4 revenue fell 10.6 percent to $323.9 million . Q4 earnings per share view $-0.19 -- Thomson Reuters I/B/E/S . Ocwen Financial - for Q4, servicing segment recorded $43.3 million of pre-tax income, inclusive of msr fair value changes .Ocwen Financial Corp says lending segment incurred a $3.1 million pre-tax loss for Q4 of 2016.  Full Article

Ocwen enters into comprehensive settlement with California Department of Business Oversight
Friday, 17 Feb 2017 07:18pm EST 

Ocwen Financial Corp : Ocwen enters into comprehensive settlement with California Department of Business Oversight . Ocwen financial corp- settlement and termination of january 2015 consent order between ocwen loan servicing llc and dbo without admitting any wrongdoing . Says in addition, ocwen has agreed to pay a cash settlement of $25 million to department of business oversight . Ocwen financial corp-to also provide additional $198 million in debt forgiveness through loan modifications to existing california borrowers over 3 years .Ocwen financial corp- under settlement, dbo to lift restriction on co's ability to buy mortgage servicing rights associated with california properties.  Full Article

Michael Blitzer reports 7.66 pct stake in Ocwen Financial Corp
Friday, 2 Sep 2016 04:53pm EDT 

Ocwen Financial Corp [OCN.N] : Michael Blitzer Reports 7.66 Percent Stake In Ocwen Financial Corp, as Of August 31, 2016 Sec filing .Michael blitzer had earlier reported a 9.89 percent stake in ocwen financial corp, as of April 29, 2016.  Full Article

Ocwen enteres into a consent order with Washington State Department Of Financial Institutions
Thursday, 25 Aug 2016 04:28pm EDT 

Ocwen Financial Corp : On August 25, 2016 units entered into a consent order with washington state department of financial institutions - SEC filing . Consent order relating to activities of units in Washington State under Washington Consumer Loan Act . Ocwen and WA-DFI entered into consent order so that the matters may be "economically and efficiently settled" .Under consent order Ocwen to pay WA-DFI $900,000 to conclude the matter.  Full Article

Ocwen Financial Q2 loss per share $0.71
Wednesday, 27 Jul 2016 04:20pm EDT 

Ocwen Financial Corp : Ocwen Financial announces operating results for second quarter 2016 . Q2 loss per share $0.71 . Q2 revenue fell 19.5 percent to $373.1 million . Q2 earnings per share view $-0.48 -- Thomson Reuters I/B/E/S .Qtrly lending volume 35% higher than prior quarter.  Full Article

Ocwen Financial pays down about $26.3 mln of senior term loan
Wednesday, 20 Jul 2016 06:12am EDT 

Ocwen Financial : Following the pay down, the company has about $342.7 million outstanding under its senior secured term loan - sec filing .Following receipt of payments in connection with sales of mortgage servicing rights, paid down about $26.3 million of senior term loan.  Full Article

Ocwen Financial says to settle some previously disclosed litigation matters
Thursday, 23 Jun 2016 06:43am EDT 

Ocwen Financial Corp : Reached an agreement in principle to settle some previously disclosed litigation matters . United states department of justice has agreed to seek final approval of settlement in principle .Settlement includes payment of $15 million to united states and $15 million for private citizens attorneys fees and costs.  Full Article

Ocwen Financial Corp announces workforce reduction at Waterloo, Iowa Facility
Thursday, 24 Sep 2015 10:30am EDT 

Ocwen Financial Corp:Announces that as part of an ongoing cost improvement initiative the Company will reduce its workforce at its Waterloo, Iowa residential servicing facility.Decision will affect about 300 residential servicing employees, which is 10 percent of the Company's about 2,900 U.S. employees.All impacted employees will have the opportunity to apply for employment at other Ocwen facilities, including 130 open positions at the Coppell, Texas facility.Company will also seek to lease approximately half of its 155,000 sq. foot facility in Waterloo.  Full Article

More From Around the Web

BRIEF-Ocwen Financial increased size of board from eight to nine

* Ocwen Financial - on March 17, 2017, board of directors of Ocwen Financial Corporation increased size of board from eight to nine - SEC filing Source text for Eikon: (http://bit.ly/2nCwkNR) Further company coverage: