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Ocwen Financial Corp (OCN.N)

OCN.N on New York Stock Exchange

4.06USD
20 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Ocwen Financial Says Entered Into Additional Agreements To Resolve Regulatory Actions Brought By North Carolina, South Dakota
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Ocwen Financial Corp ::OCWEN FINANCIAL SAYS ENTERED INTO ADDITIONAL AGREEMENTS TO RESOLVE REGULATORY ACTIONS BROUGHT BY NORTH CAROLINA AND SOUTH DAKOTA - SEC FILING.OCWEN FINANCIAL-ENTERED NEW AGREEMENT REGARDING RIGHTS TO MORTGAGE SERVICING RIGHTS INCLUDING SERVICING ADDENDUM,AMENDMENT NO. 1 TO TRANSFER AGREEMENT​.OCWEN FINANCIAL SAYS HOLDINGS WILL MAKE A LUMP-SUM FEE RESTRUCTURING PAYMENT OF $279.6 MILLION TO OCWEN ON DATE OF NEW RMSR AGREEMENT.OCWEN FINANCIAL SAYS CONTINUES TO SEEK RESOLUTIONS WITH REMAINING 4 REGULATORY AGENCIES, 2 STATE ATTORNEYS GENERAL.OCWEN FINANCIAL-PURSUANT TO NEW AGREEMENT, CO TO CONTINUE TO SERVICE MORTGAGE LOANS RELATED TO SUBJECT MSRS UNTIL NEEDED THIRD PARTY CONSENTS OBTAINED​.OCWEN FINANCIAL - NEW RESIDENTIAL AGREES TO WAIVE ANY RIGHTS NEW RESIDENTIAL MAY HAVE HAD UNDER EXISTING AGREEMENTS TO REPLACE CO AS NAMED SERVICER.OCWEN FINANCIAL CORP - ‍PURSUANT TO SERVICING ADDENDUM, OCWEN WILL SERVICE MORTGAGE LOANS RELATED TO SUBJECT MSRS​.OCWEN FINANCIAL CORP - ‍INITIAL TERM OF SERVICING ADDENDUM IS FOR FIVE YEARS FOLLOWING JULY 23, 2017​.OCWEN FINANCIAL CORP - ‍ DETERMINED THAT IT WILL EXIT AUTOMOTIVE CAPITAL SERVICES BUSINESS​.OCWEN FINANCIAL SAYS EXPECT TO HAVE EXITED AUTOMOTIVE CAPITAL SERVICES BUSINESS BY END OF Q2, DO NOT EXPECT EXIT TO HAVE MATERIAL IMPACT ON EARNINGS.  Full Article

Ocwen Financial Enters Into Additional Agreements To Resolve Regulatory Actions Brought By Oregon And Wyoming
Wednesday, 27 Dec 2017 

Dec 27 (Reuters) - Ocwen Financial Corp ::OCWEN FINANCIAL - OCWEN ENTERED INTO ADDITIONAL AGREEMENTS TO RESOLVE REGULATORY ACTIONS BROUGHT BY OREGON AND WYOMING - SEC FILING.OCWEN FINANCIAL - AGREEMENT RESOLVING OREGON REGULATORY ACTION CONTAINS KEY TERMS THAT ARE SIMILAR TO AGREEMENTS OCWEN PREVIOUSLY DISCLOSED.OCWEN FINANCIAL - UNDER A SEPARATE AGREEMENT, WYOMING REGULATORY AUTHORITY ALSO DISMISSED ITS CEASE & DESIST ORDER.  Full Article

Ocwen Agrees To Settle Previously Disclosed Opt-Out Securities Fraud Action
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Ocwen Financial Corp ::OCWEN FINANCIAL CORP - ‍ REACHED AN AGREEMENT IN PRINCIPLE TO SETTLE PREVIOUSLY DISCLOSED OPT-OUT SECURITIES FRAUD ACTION - SEC FILING.OCWEN FINANCIAL CORP - ‍ SETTLEMENT RELATED TO OPT-OUT SECURITIES FRAUD ACTION WILL INCLUDE AN AGGREGATE CASH PAYMENT BY COMPANY OF $36 MILLION​.OCWEN FINANCIAL CORP - ‍ PRESIDING COURT POSTPONED TRIAL DATE TO ALLOW FINALIZATION OF SETTLEMENT RELATED TO OPT-OUT SECURITIES FRAUD ACTION​.  Full Article

CIT, Ocwen Agree To Resolve Claims Filed In Demand For Arbitration
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Cit Group Inc ::CIT GROUP SAYS ON NOV 22, OCWEN LOAN SERVICING AGREED TO A $29.9 MILLION SETTLEMENT TO RESOLVE CLAIMS FILED IN DEMAND FOR ARBITRATION AGAINST CO ON AUG 12, 2016.CIT GROUP INC SAYS THE $29.9 MILLION SETTLEMENT WILL NOT HAVE A MATERIAL EFFECT ON CO'S FINANCIAL CONDITION OR RESULTS OF OPERATIONS - SEC FILING.  Full Article

Ocwen Financial reports Q3 GAAP loss per share $0.05
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Ocwen Financial Corp :Ocwen Financial announces operating results for third quarter 2017.Q3 GAAP loss per share $0.05.Q3 revenue fell 20.8 percent to $284.6 million.  Full Article

Ocwen Financial says exploring strategic approaches
Wednesday, 25 Oct 2017 

Oct 24 (Reuters) - Ocwen Financial Corp :Ocwen Financial - ‍as part of cost structure, performance optimizing initiatives, continuing to explore strategic approaches to streamline business.Ocwen Financial - seeking to focus operations on mortgage servicing and its retail forward lending channel, primarily through retail lending recapture.Ocwen Financial - currently evaluating long-term strategy with respect to reverse lending activities.Ocwen Financial - long term strategy includes potential sale of reverse lending business or some assets of the business - sec filing.Ocwen Financial - barclays capital inc is advising the company on its alternatives related to its reverse mortgage assets and business.  Full Article

Ocwen Financial Corp says ‍has entered into agreement to resolve regulatory action brought by Texas​
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Ocwen Financial Corp :Ocwen Financial Corp says ‍has now entered into an additional agreement to resolve regulatory action brought by Texas​ - SEC Filing.Ocwen Financial Corp - ‍agreement with Texas generally contains key terms that are similar to agreements Ocwen previously disclosed​.  Full Article

Ocwen enters into agreements with Arkansas & district of Columbia to resolve regulatory actions brought by jurisdictions​
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Ocwen Financial Corp : :Ocwen Financial Corp - ‍ entered into agreements with Arkansas and district of Columbia to resolve regulatory actions brought by jurisdictions​.Ocwen - ‍entered agreement to resolve regulatory action brought by Tennessee on separate terms that addressed concerns related to financial reporting​.Ocwen Financial - ‍none of agreements contain any monetary fines or penalties, although ocwen will incur costs complying with terms of settlements​.  Full Article

Ocwen Financial files motions for restraining orders against some state mortgage regulators
Tuesday, 25 Apr 2017 

April 25 (Reuters) - Ocwen Financial Corp ::Ocwen Financial says files motions for restraining orders and injunctions against Illinois and Massachusetts mortgage regulators.Ocwen Financial Corp says plans to appeal or respond to each of remaining state mortgage regulator actions in coming days.Ocwen Financial Corp says continues to seek an "acceptable resolution" to resolve all state concerns.Ocwen-Over course of almost 2 yrs, co, board have been in regular communication with state mortgage regulators, including those in Illinois, Massachusetts.Remains "committed" to working with Illinois, Massachusetts, other state regulators to resolve valid concerns, commenced those efforts.  Full Article

Michael Blitzer reports 7.66 pct stake in Ocwen Financial Corp
Saturday, 3 Sep 2016 

Ocwen Financial Corp [OCN.N] : Michael Blitzer Reports 7.66 Percent Stake In Ocwen Financial Corp, as Of August 31, 2016 Sec filing .Michael blitzer had earlier reported a 9.89 percent stake in ocwen financial corp, as of April 29, 2016.  Full Article

BRIEF-Ocwen Financial Corporation Names Glen Messina President And Chief Executive Officer

* OCWEN FINANCIAL CORPORATION NAMES GLEN MESSINA PRESIDENT AND CHIEF EXECUTIVE OFFICER