Ocwen Financial Corp (OCN.N)

OCN.N on New York Stock Exchange

23.16USD
30 Oct 2014
Price Change (% chg)

$2.35 (+11.29%)
Prev Close
$20.81
Open
$20.98
Day's High
$23.79
Day's Low
$20.83
Volume
1,652,585
Avg. Vol
695,015
52-wk High
$59.86
52-wk Low
$18.47

OCN.N

Chart for OCN.N

About

Ocwen Financial Corporation is a financial services holding company. The Company is engaged in the servicing and origination of mortgage loans. The Company's Shared Appreciation Modification (SAM) incorporates principal reductions and lower payments for borrowers while providing a net present value positive loss mitigation... (more)

Overall

Beta: 0.59
Market Cap (Mil.): $3,029.74
Shares Outstanding (Mil.): 130.82
Dividend: --
Yield (%): --

Financials

  OCN.N Industry Sector
P/E (TTM): 10.50 14.73 14.82
EPS (TTM): 2.21 -- --
ROI: 4.97 1.79 0.82
ROE: 17.16 7.64 22.79
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UPDATE 1-Mortgage servicer Ocwen swings to loss due to legal costs

Oct 30 - Ocwen Financial Corp swung to a quarterly loss as the mortgage servicer set aside $100 million for a potential settlement with the New York Department of Financial Services over allegations of backdated foreclosure letters.

30 Oct 2014

Mortgage servicer Ocwen posts loss due to legal costs

Oct 30 - Ocwen Financial Corp swung to a quarterly loss as the mortgage servicer set aside $100 million for a potential settlement with the New York Department of Financial Services over allegations of backdated foreclosure letters.

30 Oct 2014

Ocwen to hire independent firm to probe backdated foreclosure letters

- Ocwen Financial Corp said it was hiring an independent firm to investigate how the mortgage servicer had sent backdated letters to borrowers about loan modifications and foreclosures and the reason for the delay in fixing the issue.

24 Oct 2014

Ocwen to hire independent firm to probe backdated foreclosure letters

Oct 24 - Ocwen Financial Corp said it was hiring an independent firm to investigate how the mortgage servicer had sent backdated letters to borrowers about loan modifications and foreclosures and the reason for the delay in fixing the issue.

24 Oct 2014

Fitch Places Ocwen's 'B' Ratings on Rating Watch Negative

(The following statement was released by the rating agency) CHICAGO, October 24 (Fitch) Fitch Ratings has placed the 'B' ratings of Ocwen Financial Corporation (OCN) and its wholly-owned, primary operating subsidiary, Ocwen Loan Servicing, LLC (OLS) on Rating Watch Negative. Rated secured and unsecured debt is similarly affected by these actions. A full list of rating actions follows at the end of this release. KEY RATING DRIVERS - OCN and OLS The Negative Watch follows a third letter sent t

24 Oct 2014

New York says Ocwen backdated foreclosure letters, company shares slide

NEW YORK - Ocwen Financial Corp may have harmed hundreds of thousands of borrowers by sending backdated letters about loan modifications and foreclosures, New York state's financial regulator said on Tuesday, sparking a selloff in shares of the mortgage servicer.

21 Oct 2014

UPDATE 4-NY says Ocwen backdated foreclosure letters, company shares slide

(New throughout, adds Ocwen's statements, expert comments, updates share price)

21 Oct 2014

NY regulator says Ocwen backdated foreclosure letters to borrowers

NEW YORK, Oct 21 - Ocwen Financial Corp, one of the largest U.S. companies that collects mortgage payments, may have harmed hundreds of thousands of borrowers by sending them letters about loan modifications and foreclosures that were dated months earlier, New York's financial regulator said on Tuesday.

21 Oct 2014

Ocwen Financial says received subpoena from SEC

- Mortgage servicing company Ocwen Financial Corp said on Monday it had received a subpoena from the U.S. Securities and Exchange Commision in June seeking documents related to its "business dealings" with some of its affiliates.

18 Aug 2014

Ocwen Financial says received subpoena from SEC

Aug 18 - Mortgage servicing company Ocwen Financial Corp said on Monday it had received a subpoena from the U.S. Securities and Exchange Commision in June seeking documents related to its "business dealings" with some of its affiliates.

18 Aug 2014

Earnings vs. Estimates

Analyst Research Reports

Report Title Price
Provider: Stock Traders Daily
$20.00
Provider: Thomson Reuters Stock Report
$25.00
Provider: New Constructs, LLC
$25.00
Provider: MacroRisk Analytics/EconomicInvestor
$25.00
Provider: ValuEngine, Inc.
$25.00

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