Ocwen Financial Corp (OCN.N)

OCN.N on New York Stock Exchange

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$0.06 (+0.31%)
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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)


Beta: 0.65
Market Cap (Mil.): $2,552.26
Shares Outstanding (Mil.): 130.82
Dividend: --
Yield (%): --


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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

Fitch Expects to Rate Ocwen's Senior Unsecured Notes 'CCC/RR6'

(The following statement was released by the rating agency) CHICAGO, May 08 (Fitch) Fitch Ratings expects to rate Ocwen Financial Corporation's (OCN) proposed five-year, $350 million 6.625% senior unsecured note issuance 'CCC/RR6'subject to receipt of final documents conforming to information already received . The final maturity date in 2019 will be set at the time of issuance. KEY RATING DRIVERS The expected 'CCC' rating of the notes, which is two notches below OCN's long-term IDR of 'B

08 May 2014

Fitch Affirms Ocwen; Outlook Revised to Stable

(The following statement was released by the rating agency) CHICAGO, May 06 (Fitch) Fitch Ratings has affirmed the long-term Issuer Default Ratings (IDRs) of Ocwen Financial Corporation (OCN) and its wholly-owned, primary operating subsidiary, Ocwen Loan Servicing, LLC (OLS) at 'B', and affirmed OLS's senior secured term loan at 'B/RR4'. The Rating Outlook has been revised to Stable from Negative. A full list of rating actions follows at the end of this release. KEY RATING DRIVERS - OCN and

07 May 2014

Earnings vs. Estimates

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