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Ocwen Financial Corp

OCN.N

Latest Trade

1.47USD

Change

0.02(+1.38%)

Volume

143,281

Today's Range

1.40

 - 

1.48

52 Week Range

1.21

 - 

2.45

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
1.45
Open
1.44
Volume
143,281
3M AVG Volume
7.20
Today's High
1.48
Today's Low
1.40
52 Week High
2.45
52 Week Low
1.21
Shares Out (MIL)
134.77
Market Cap (MIL)
198.11
Forward P/E
-0.95
Dividend (Yield %)
--

Next Event

Q4 2019 Ocwen Financial Corp Earnings Release

Latest Developments

More

Ocwen Financial Reports Q3 Loss Per Share $0.32

Ocwen Financial Corporation Comments On Court Ruling Related To Motion To Dismiss CFPB Complaint

Ocwen Financial Q2 Loss Per Share $0.67

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About Ocwen Financial Corp

Ocwen Financial Corporation is a financial services holding company. The Company, through its subsidiaries, originates and services loans. The Company's segments include Servicing, Lending, and Corporate Items and Other. The Company's Servicing segment consists of its residential servicing business. The Company's Lending segment is focused on originating and purchasing conventional and government-insured residential forward and reverse mortgage loans. The Company's Corporate Items and Other segment includes revenues and expenses of Automotive Capital Services (ACS) and its other business activities. Its servicing clients include some of the financial institutions in the United States, including the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), the Government National Mortgage Association (Ginnie Mae) and non-Agency residential mortgage-backed securities (RMBS) trusts.

Industry

Consumer Financial Services

Contact Info

1661 Worthington Rd Ste 100

+1.561.6828000

http://www.ocwen.com

Executive Leadership

Phyllis R. Caldwell

Independent Chairman of the Board

Glen A. Messina

President, Chief Executive Officer, Director

June C. Campbell

Chief Financial Officer, Executive Vice President

John V. Britti

Executive Vice President, Chief Investment Officer

Joseph J. Samarias

Executive Vice President and General Counsel

Key Stats

3.00 mean rating - 1 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2016

1.4K

2017

1.2K

2018

1.1K

2019(E)

1.1K
EPS (USD)

2016

-1.610

2017

-1.010

2018

-1.020

2019(E)

-1.540
Price To Earnings (TTM)
--
Price To Sales (TTM)
0.17
Price To Book (MRQ)
0.52
Price To Cash Flow (TTM)
--
Total Debt To Equity (MRQ)
2,277.31
LT Debt To Equity (MRQ)
2,277.31
Return on Investment (TTM)
-1.98
Return on Equity (TTM)
-1.92

Latest News

Latest News

In case against Ocwen, a sign of turmoil to come for CFPB

Last month, after the Consumer Financial Protection Bureau filed a brief at the U.S. Supreme Court arguing that its own director was appointed under an unconstitutional provision, I predicted that the bureau’s abandonment of its longstanding defense of its own constitutionality...

Judge tosses fair housing lawsuit against Deutsche Bank, Ocwen

A federal judge in Chicago has dismissed a lawsuit by a group of fair housing organizations accusing Deutsche Bank National Trust and Ocwen Financial Services of racial discrimination by not properly maintaining foreclosed homes in minority neighborhoods.

Insurer not required to defend Ocwen robocall lawsuit - ruling

Ocwen Loan Servicing cannot recover the costs of defending a class action over allegedly harassing phone calls under its liability insurance because the policy excludes conduct that violates federal law, a federal judge in Chicago ruled.

New force-placed insurance lawsuit for mortgage giant Ocwen Financial

Mortgage servicer Ocwen Loan Servicing has been hit with a proposed class action in Los Angeles federal court accusing it of overcharging homeowners for property insurance, the latest of several legal actions over its so-called force-placed insurance.

BRIEF-Ocwen Financial Q1 GAAP Earnings Per Share $0.02

* OCWEN FINANCIAL ANNOUNCES OPERATING RESULTS FOR FIRST QUARTER 2018

Judge dismisses investors' securities lawsuit against Ocwen

A federal judge in Florida has dismissed a securities fraud lawsuit against Ocwen Financial Corp, saying investors suing the mortgage servicer failed to show that it misled them about its regulatory compliance.

BRIEF-Ocwen Financial Corporation Names Glen Messina President And Chief Executive Officer

* OCWEN FINANCIAL CORPORATION NAMES GLEN MESSINA PRESIDENT AND CHIEF EXECUTIVE OFFICER

Owl Creek funds sue Ocwen, executives alleging securities fraud

Four funds run by Manhattan-based hedge fund manager Owl Creek Asset Management have filed a securities lawsuit accusing mortgage servicer Ocwen Financial Corp of fraudulently inducing them to invest tens of millions of dollars in the company.

BRIEF-Ocwen Financial Says Co Voluntarily Paid Down $25 Mln Of Its Senior Secured Term Loan

* OCWEN FINANCIAL SAYS CO VOLUNTARILY PAID DOWN $25.0 MILLION OF ITS SENIOR SECURED TERM LOAN - SEC FILING

BRIEF-Ocwen Financial Has Entered Into Additional Agreement To Resolve Regulatory Action Brought By Massachusetts

* OCWEN FINANCIAL SAYS HAS ENTERED INTO AN ADDITIONAL AGREEMENT TO RESOLVE REGULATORY ACTION BROUGHT BY MASSACHUSETTS - SEC FILING

BRIEF-Ocwen Financial Q4 Loss Per Share $0.34

* OCWEN FINANCIAL ANNOUNCES OPERATING RESULTS FOR FOURTH QUARTER AND FULL YEAR 2017

BRIEF-PHH Corp To Be Acquired By Ocwen Financial For $11/Shr

* PHH CORPORATION ENTERS INTO DEFINITIVE AGREEMENT TO BE ACQUIRED BY OCWEN FINANCIAL CORPORATION IN AN ALL CASH TRANSACTION

BRIEF-Ocwen Financial Enters Definitive Agreement To Acquire PHH Corp For $360 Mln

* OCWEN FINANCIAL CORPORATION ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE PHH CORPORATION FOR $360 MILLION Source text for Eikon: Further company coverage:

BRIEF-Ocwen Financial Corp Says It Has Entered Into An Additional Agreement To Resolve The Regulatory Action Brought By Maryland - SEC Filing

* OCWEN FINANCIAL CORP SAYS IT HAS ENTERED INTO AN ADDITIONAL AGREEMENT TO RESOLVE THE REGULATORY ACTION BROUGHT BY MARYLAND - SEC FILING

BRIEF-Ocwen Financial Corp Entered Additional Agreement To Resolve The Regulatory Action Brought By Connecticut

* OCWEN FINANCIAL CORP - ENTERED ADDITIONAL AGREEMENT TO RESOLVE THE REGULATORY ACTION BROUGHT BY CONNECTICUT - SEC FILING Source text: [http://bit.ly/2DXMmdq] Further company coverage:

BRIEF-Ocwen Financial Says Entered Into Additional Agreements To Resolve Regulatory Actions Brought By North Carolina, South Dakota

* OCWEN FINANCIAL SAYS ENTERED INTO ADDITIONAL AGREEMENTS TO RESOLVE REGULATORY ACTIONS BROUGHT BY NORTH CAROLINA AND SOUTH DAKOTA - SEC FILING

BRIEF-Ocwen Financial Enters Into Additional Agreements To Resolve Regulatory Actions Brought By Oregon And Wyoming

* OCWEN FINANCIAL - OCWEN ENTERED INTO ADDITIONAL AGREEMENTS TO RESOLVE REGULATORY ACTIONS BROUGHT BY OREGON AND WYOMING - SEC FILING

Fitch Places Ocwen's Senior Notes on Rating Watch Positive on Criteria Change

(The following statement was released by the rating agency) CHICAGO, December 12 (Fitch) Fitch Ratings has placed the senior unsecured notes of Ocwen Financial Corporation (OCN) and the senior secured notes of Ocwen Loan Servicing, LLC (OLS) on Rating Watch Positive following...

BRIEF-Ocwen Agrees To Settle Previously Disclosed Opt-Out Securities Fraud Action

* OCWEN FINANCIAL CORP - REACHED AN AGREEMENT IN PRINCIPLE TO SETTLE PREVIOUSLY DISCLOSED OPT-OUT SECURITIES FRAUD ACTION - SEC FILING

BRIEF-Ocwen Financial reports Q3 GAAP loss per share $0.05

* Ocwen Financial announces operating results for third quarter 2017

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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