Ocwen Financial Corp (OCN.N)
|Market Cap (Mil.):||$3,479.76|
|Shares Outstanding (Mil.):||130.82|
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.
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.
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.
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"
(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
(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
(Adds background on Lawsky's actions against Ocwen, previous comments from Ocwen executives)
April 21 - New York's banking regulator is probing Ocwen Financial Corp, which collects mortgage payments, for potentially over charging borrowers and investors to auction off foreclosed properties it services.
* Ny banking regulator accuses Ocwen Financial affiliate of potential "self-dealing:" letter
March 17 - U.S. baby boomers desperate for retirement income are increasingly turning back to a financial product that, after the housing bust, had been left for dead: the reverse mortgage.