Ocwen Financial Corp (OCN.N)

OCN.N on New York Stock Exchange

36.35USD
1:35am IST
Price Change (% chg)

$0.27 (+0.75%)
Prev Close
$36.08
Open
$36.13
Day's High
$36.53
Day's Low
$36.12
Volume
188,386
Avg. Vol
360,912
52-wk High
$60.18
52-wk Low
$31.31

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: 0.61
Market Cap (Mil.): $4,866.47
Shares Outstanding (Mil.): 134.88
Dividend: --
Yield (%): --

Financials

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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

UPDATE 1-NY regulator probes Ocwen Financial for possible 'self-dealing'

(Adds background on Lawsky's actions against Ocwen, previous comments from Ocwen executives)

22 Apr 2014

NY regulator suspects Ocwen Financial of possible 'self-dealing'

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.

21 Apr 2014

BRIEF-NY regulator accuses Ocwen Financial affiliate of potential "self-dealing:" letter

* Ny banking regulator accuses Ocwen Financial affiliate of potential "self-dealing:" letter

21 Apr 2014

RPT-FEATURE-US retirees return to reverse mortgages, big banks stay away

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.

17 Mar 2014

FEATURE-US retirees return to reverse mortgages, big banks stay away

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.

17 Mar 2014

UPDATE 1-Mortgage servicer Ocwen's profit rises 60 pct

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.

27 Feb 2014

Mortgage servicer Ocwen's profit rises 60 pct

Feb 27 - Mortgage servicer Ocwen Financial Corp's quarterly profit rose 60 percent as it serviced more home loans.

27 Feb 2014

Earnings vs. Estimates

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