Edition:
United States

Ocwen Financial Corp (OCN.N)

OCN.N on New York Stock Exchange

1.85USD
22 Mar 2019
Change (% chg)

$-0.10 (-5.13%)
Prev Close
$1.95
Open
$1.93
Day's High
$1.93
Day's Low
$1.80
Volume
231,753
Avg. Vol
330,999
52-wk High
$4.84
52-wk Low
$1.21

Latest Key Developments (Source: Significant Developments)

Ocwen Says CEO Agrees To Amend Employment Agreement To Reduce His Annual Cash Target Incentive To $1,125,000
Wednesday, 27 Feb 2019 06:58am EST 

Feb 27 (Reuters) - Ocwen Financial Corp ::OCWEN - PRESIDENT, CEO GLEN MESSINA, AGREED TO AMEND HIS EMPLOYMENT AGREEMENT TO REDUCE HIS ANNUAL CASH TARGET INCENTIVE TO $1,125,000.OCWEN - MESSINA AGREED TO AMEND HIS EMPLOYMENT AGREEMENT TO REDUCE HIS ANNUAL LONG-TERM INCENTIVE EQUITY GRANT TO A GRANT DATE FAIR VALUE OF $2.3 MILLION.OCWEN FINANCIAL CORP - REDUCTIONS REPRESENT A CUT OF APPROXIMATELY 20% TO MESSINA'S TARGET TOTAL COMPENSATION FOR 2019.OCWEN FINANCIAL CORP - COMPENSATION COMMITTEE ALSO DETERMINED TO REDUCE CASH COMPONENT OF DIRECTORS ANNUAL RETAINER FEE FROM $100,000 TO $80,000.  Full Article

Ocwen Financial Reports Q4 Loss Per Share Of $0.02
Wednesday, 27 Feb 2019 06:30am EST 

Feb 27 (Reuters) - Ocwen Financial Corp ::OCWEN FINANCIAL ANNOUNCES OPERATING RESULTS FOR FOURTH QUARTER AND FULL YEAR 2018.Q4 LOSS PER SHARE $0.02.QTRLY TOTAL REVENUE $310.9 MILLION VERSUS $276.8 MILLION.COMPLETED COST RE-ENGINEERING PLAN AND HAVE COMMENCED EXECUTION.ENDED YEAR WITH $555 MILLION OF TOTAL EQUITY AND $329 MILLION OF CASH.  Full Article

Ocwen Financial Appoints June Campbell As CFO
Wednesday, 27 Feb 2019 06:25am EST 

Feb 27 (Reuters) - Ocwen Financial Corp ::OCWEN FINANCIAL CORPORATION ANNOUNCES SENIOR LEADERSHIP APPOINTMENTS.OCWEN FINANCIAL CORP - JUNE C. CAMPBELL APPOINTED CHIEF FINANCIAL OFFICER.OCWEN FINANCIAL CORP - JOSEPH J. SAMARIAS TO SUCCEED TIMOTHY M. HAYES AS GENERAL COUNSEL.OCWEN FINANCIAL CORP - JUNE C. CAMPBELL JOINS OCWEN FROM GE CAPITAL.  Full Article

Omega Advisors Dissolves Stake In Micron Technology; Cuts In Ocwen Financial
Thursday, 14 Feb 2019 04:19pm EST 

Feb 14 (Reuters) - Omega Advisors Inc : :OMEGA ADVISORS INC DISSOLVES STAKE IN MICRON TECHNOLOGY - SEC FILING.OMEGA ADVISORS CUTS SHARE STAKE IN OCWEN FINANCIAL CORP BY 12.1 PERCENT TO 12.7 MILLION SHARES - SEC FILING.CHANGE IN HOLDINGS ARE AS OF DECEMBER 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPTEMBER 30, 2018.  Full Article

Omega Advisors Dissolves Share Stake In Micron Technology, Cuts In Ocwen Financial
Thursday, 14 Feb 2019 09:52am EST 

Feb 14 (Reuters) - Omega Advisors Inc::OMEGA ADVISORS INC DISSOLVES STAKE IN MICRON TECHNOLOGY - SEC FILING.OMEGA ADVISORS CUTS SHARE STAKE IN OCWEN FINANCIAL CORP BY 12.1 PERCENT TO 12.7 MILLION SHARES - SEC FILING.OMEGA ADVISORS TAKES SHARE STAKE IN MR. COOPER GROUP OF 1.7 MILLION SHARES - SEC FILING.OMEGA ADVISORS - CHANGE IN HOLDINGS ARE AS OF DECEMBER 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPTEMBER 30, 2018.  Full Article

Morgan Stanley Reports 5.3 Pct Passive Stake In Ocwen Financial Corp
Wednesday, 31 Oct 2018 05:51pm EDT 

Oct 31 (Reuters) - Ocwen Financial Corp ::MORGAN STANLEY REPORTS 5.3 PERCENT PASSIVE STAKE IN OCWEN FINANCIAL CORP AS OF OCT 22 - SEC FILING.  Full Article

PHH Q2 Loss Per Share $1.07
Friday, 3 Aug 2018 04:15pm EDT 

Aug 3 (Reuters) - Phh Corp ::ORATION ANNOUNCES SECOND QUARTER 2018 RESULTS.Q2 LOSS PER SHARE $1.11 FROM CONTINUING OPERATIONS.Q2 LOSS PER SHARE $1.07.Q2 REVENUE ROSE 38 PERCENT.COMPANY ENDED Q2 2018 WITH CASH AND CASH EQUIVALENTS OF $453 MILLION.CURRENTLY TARGETING CLOSING TRANSACTION WITH OCWEN IN Q3 OF 2018.  Full Article

Ocwen Financial Q2 Loss Per Share $0.22
Thursday, 26 Jul 2018 06:30am EDT 

July 26 (Reuters) - Ocwen Financial Corp ::OCWEN FINANCIAL ANNOUNCES OPERATING RESULTS FOR SECOND QUARTER 2018.Q2 GAAP LOSS PER SHARE $0.22.Q2 REVENUE $253.6 MILLION.  Full Article

Ocwen Financial Says John Britti To Serve As Co's Interim CEO, From July 1
Monday, 25 Jun 2018 05:03pm EDT 

June 25 (Reuters) - Ocwen Financial Corp ::OCWEN FINANCIAL SAYS JOHN BRITTI TO SERVE AS CO'S INTERIM CEO, FROM JULY 1 UNTIL EXPECTED CLOSING OF DEAL WITH PHH CORPORATION - SEC FILING.  Full Article

Ocwen Financial Q1 GAAP Earnings Per Share $0.02
Wednesday, 2 May 2018 06:30am EDT 

May 2 (Reuters) - Ocwen Financial Corp ::OCWEN FINANCIAL ANNOUNCES OPERATING RESULTS FOR FIRST QUARTER 2018.Q1 GAAP EARNINGS PER SHARE $0.02.QTRLY TOTAL REVENUE $ 260.3 MILLION VERSUS $321.9 MILLION.  Full Article

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.