Ocwen Financial Corp (OCN.N)

OCN.N on New York Stock Exchange

21.05USD
30 Oct 2014
Price Change (% chg)

$0.24 (+1.15%)
Prev Close
$20.81
Open
$20.98
Day's High
$22.48
Day's Low
$20.83
Volume
281,100
Avg. Vol
679,816
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: 0.60
Market Cap (Mil.): $2,722.32
Shares Outstanding (Mil.): 130.82
Dividend: --
Yield (%): --

Financials

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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.

5:49pm IST

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.

5:25pm IST

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.

25 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

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

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

22 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

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.

19 Aug 2014

UPDATE 2-NY banking regulator questions Ocwen's ties to affiliate

NEW YORK, Aug 4 - New York's top financial regulator said on Monday that Ocwen Financial Corp,, a company that collects home loan payments, may be funneling as much as $65 million in questionable fees to an affiliate, in a potential conflict of interest.

05 Aug 2014

NY banking regulator questions Ocwen's ties to affiliated company

NEW YORK, Aug 4 - New York's top banking regulator said on Monday that Ocwen Financial Corp, a mortgage servicing company, may be funneling as much as $65 million to an affiliated company even though his office has raised concerns about potential conflicts of interest between such entities.

04 Aug 2014

BRIEF-Ocwen will stop using gag orders in mortgage modifications

June 3 - New York's Superintendent of Financial Services Benjamin Lawsky said on Tuesday: * Ocwen Financial Corp Will stop using gag orders for borrowers seeking mortgage modifications * his Department "intends to review this issue at other financial institutions"

03 Jun 2014

Earnings vs. Estimates

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