Ocwen Financial Corp (OCN.N)
7 Mar 2014
|Market Cap (Mil.):||$5,393.53|
|Shares Outstanding (Mil.):||135.18|
Feb 27 - Mortgage servicer Ocwen Financial Corp's quarterly profit jumped 60 percent and revenue more than doubled as banks sell more servicing rights to meet stricter regulations.
Feb 27 - Mortgage servicer Ocwen Financial Corp's quarterly profit rose 60 percent as it serviced more home loans.
Feb 26 - New York's banking regulator said on Wednesday that executives at Ocwen Financial Corp, a company that collects home loan payments, have ties to related mortgage companies that may give them an incentive to push borrowers into foreclosure.
Feb 26 - New York's banking regulator on Wednesday requested financial information from Ocwen Financial Corp about executives' holdings and connections to affiliated companies that raise conflict of interest questions about the company that collects payments on mortgages.
NEW YORK, Feb 11 - A number of institutional investors including BlackRock Inc are considering the possibility of legal action against Ocwen Financial Corp over its mortgage servicing practices, a person familiar with the matter said on Tuesday.
Feb 11 - The Financial Times reported on Tuesday: * Investors mull legal action against Ocwen Financial Corp over mortgage servicing practices * Investors concerned that Ocwen Financial Corp's practices hurt securities holders * BlackRock Inc, Pimco among those considering legal action against Ocwen
- New York's principal bank regulator has indefinitely halted Ocwen Financial Corp's purchase of the right to collect payments on a portfolio of mortgages from Wells Fargo & Co, Ocwen said on Thursday.
Feb 6 - New York's principal bank regulator has indefinitely halted Ocwen Financial Corp's purchase of the right to collect payments on a portfolio of mortgages from Wells Fargo & Co, Ocwen said on Thursday.
(Corrects name in para 6 to Consumer Financial Protection Bureau)
WASHINGTON, Dec 19 - U.S. officials on Thursday ordered the largest nonbank mortgage servicer to provide $2 billion in help to underwater borrowers to resolve allegations of misconduct that led to thousands of people losing their homes.
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