Ocwen Financial Corp (OCN.N)

OCN.N on New York Stock Exchange

6.12USD
30 Jan 2015
Change (% chg)

$0.35 (+6.07%)
Prev Close
$5.77
Open
$5.85
Day's High
$6.25
Day's Low
$5.75
Volume
1,839,125
Avg. Vol
1,264,100
52-wk High
$46.39
52-wk Low
$5.67

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: 1.01
Market Cap(Mil.): $769.99
Shares Outstanding(Mil.): 125.81
Dividend: --
Yield (%): --

Financials

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UPDATE 1-Ocwen calls investor claims baseless

Jan 26 - Mortgage servicer Ocwen Financial Group said on Monday a group of investors had no basis for claiming it failed to live up to its agreements to collect payments on $82 billion worth of home loans.

27 Jan 2015

BRIEF-Ocwen responds to investor group's formal notice of non-performance

* Law firm representing Ocwen Financial responds to investor group's formal notice of non-performance

26 Jan 2015

Ocwen calls investor claims "baseless"

Jan 26 - Mortgage servicer Ocwen Financial Group said on Monday a group of investors had no basis for claiming it failed to live up to its agreements to collect payments on $82 billion worth of home loans.

26 Jan 2015

Fitch: Ocwen's 'B-' IDR Not Yet Impacted on California Administrative Action

(The following statement was released by the rating agency) CHICAGO, January 15 (Fitch) Ocwen Financial Corporation's 'B-' IDR' and Negative Rating Outlook are not immediately impacted by The California Department of Business Oversight's (CA-DBO) administrative action filed on October 3 of last year, according to Fitch Ratings. The action seeks to suspend Ocwen's residential mortgage lender and loan servicer licenses for up to 12 months. While the CA-DBO's action is clearly negative, Ocwen'

15 Jan 2015

California seeks to suspend Ocwen's mortgage license - LA Times

Jan 13 - California is seeking to suspend Ocwen Financial Corp's license to operate in the state, saying the mortgage collection company failed to submit papers showing that it complies with state laws, the Los Angeles Times reported.

13 Jan 2015

Fitch Downgrades Ocwen to 'B-' Following Regulatory Settlement, Chairman Departure

(The following statement was released by the rating agency) CHICAGO, December 23 (Fitch) Fitch Ratings has downgraded the ratings of Ocwen Financial Corporation (OCN) and its wholly-owned primary operating subsidiary, Ocwen Loan Servicing, LLC (OLS) to 'B-' from 'B'. The downgrade follows yesterday's announcement of the company's settlement with the New York Department of Financial Services (NY DFS) and the accompanying departure of its Executive Chairman. The ratings have also been removed

24 Dec 2014

UPDATE 2-Ocwen executive chairman to step down in $150 mln settlement

(Updates share price, adds background on Ocwen's issues with Lawsky)

22 Dec 2014

Ocwen executive chairman to resign in New York settlement - WSJ

Dec 22 - Ocwen Financial Corp's executive chairman, William Erbey, will step down as part of a legal settlement with New York's financial regulator, the Wall Street Journal reported, citing people familiar with the matter.

22 Dec 2014

Ocwen being examined over whether it delayed home sales-Bloomberg

Dec 18 - Ocwen Financial Corp is facing scrutiny from New York state and the federal government over whether the mortgage servicer improperly stalled short sales of property to collect more fees, Bloomberg reported, citing sources.

18 Dec 2014

Fitch: Ocwen Integration Drags on US Servicer Monitor Report

(The following statement was released by the rating agency) NEW YORK, December 17 (Fitch) The Office of Mortgage Oversight's Interim Compliance Report indicates improving servicing capabilities and compliance for most of the residential servicers subject to the National Mortgage Settlement, Fitch Ratings says. One possible exception to this trend is Ocwen Loan Servicing, for which challenges remain. In Fitch's view, Ocwen's challenges are partially attributable to the significant integratio

17 Dec 2014

Earnings vs. Estimates

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