Ocwen Financial

Ocwen Financial Corp. is a financial services holding company, which engages in the servicing and origination of mortgage loans through its subsidiaries. It operates through the following business segments: Servicing, Lending, and Corporate Items and Other. The Servicing segment engages in the residential servicing business, which offers residential and commercial mortgage loan servicing, special servicing, and asset management services. The Lending segment is involved in originating and purchasing conventional and government-insured residential forward and reverse mortgage loans mainly through correspondent lending arrangements, broker relationships and directly with mortgage customers. The Corporate Items and Other segment includes revenues and expenses that are not directly related to other reportable segments. The company was founded in February 1988 and is headquartered in West Palm Beach, FL.

Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Ocwen Financial reports mixed Q4 results, focuses on growth strategies

Ocwen Financial navigated a challenging Q4 with a focus on cost reduction, portfolio growth, and capital management for stability and growth.
Despite market headwinds, the company's strong expense efficiency, industry recognition, and growth strategies position it for future profitability.
Management's emphasis on stable returns, market recognition, and strategic investments underscores Ocwen Financial's resilience and growth potential.

Ocwen Financial reports Q1 results, focuses on risk management strategies

Ocwen Financial navigates Q1 2023 with a focus on managing interest rate risk exposure and optimizing its financial structure. Legal wins and a strategic business approach contribute to stability amidst market challenges. Proactive risk management and a strong liquidity position position the company for growth opportunities.

Ocwen Financial reports solid Q2 earnings, eyes growth opportunities

Ocwen Financial's Q2 earnings call highlighted a strong financial performance, cost reduction efforts, and focus on expanding in the correspondent sector. Challenges in the reverse space and uncertainties in asset purchases were noted, while opportunities exist in growing the customer base and capitalizing on potential industry shifts.

Ocwen Financial reports solid Q3 earnings, eyes subservicing growth

Ocwen Financial's Q3 performance reflects profitability in servicing and originations, with a focus on cost management and debt reduction.
The company's strengths include a diversified business model, strong operational performance, and expanding capital partner relationships.
Challenges include balancing MSR ownership, market environment navigation, and optimizing leverage profile.
Opportunities lie in expanding subservicing, enhancing profitability, and developing investor relationships for sustained growth.

Ocwen Financial reports improved Q4 income, eyes subservicing growth

Ocwen Financial's Q4 2023 Earnings Call highlighted improved adjusted pretax income, focus on managing MSR fair value changes, and strategic initiatives for profitability enhancement. The company aims to aggressively grow its subservicing business, reduce servicing advances, and optimize its capital structure. Opportunities in the reverse mortgage market and deleveraging through debt repurchases were key points.

Ocwen Financial excels in Q1, rebrands to Onity Group

Ocwen Financial's Q1 2024 earnings call highlighted strong financial performance, strategic transformation, and recognition from Moody's for profitability gains. The company's focus on subservicing growth, technology, and deleveraging aligns with its goal of delivering sustainable value to shareholders.

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Onity Group, Inc. is a financial services holding company, which engages in the servicing and origination of mortgage loans through its subsidiaries. It operates through the following business segments: Servicing, Lending, and Corporate Items and Other. The Servicing segment engages in the residential servicing business, which offers residential and commercial mortgage loan servicing, special servicing, and asset management services. The Lending segment is involved in originating and purchasing conventional and government-insured residential forward and reverse mortgage loans mainly through correspondent lending arrangements, broker relationships and directly with mortgage customers. The Corporate Items and Other segment includes revenues and expenses that are not directly related to other reportable segments. The company was founded in February 1988 and is headquartered in West Palm Beach, FL.

Ocwen Financial Corp., a non-bank mortgage serviceds and originator, said Friday it can no longer affirm its financial guidance given the uncertainty created by the coronavirus pandemic.

Ocwen Financial pulls guidance due to uncertainty created by coronavirus

Taking Decisive Action to Address COVID-19

OCWEN FINANCIAL PROVIDES COMPANY UPDATE

Ocwen Financial Corporation (OCN) CEO Glen Messina on Q4 2019 Results - Earnings Call Transcript

A big-name investor talked up the shares during a midday television appearance.

Why Shares of Ocwen Financial Are Jumping Today

WEST PALM BEACH, Fla., Jan.  27, 2020  (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, announced today that it has entered into an amendment to its Senior Secured Term Loan (“SSTL”) that extends the maturity date to May 15, 2022. As part of the transaction, the outstanding balance of the SSTL was reduced from $326 million to $200 million.

Ocwen Financial Announces Amendment to Senior Secured Term Loan

Ocwen's acquisition looks like a mistake.

Judging Ocwen's Acquisition of PHH, 1 Year Later

Ocwen Financial Corporation (OCN) CEO Glen Messina on Q3 2019 Results - Earnings Call Transcript

WEST PALM BEACH, Fla., Oct.  24, 2019  (GLOBE NEWSWIRE) -- PHH Mortgage, a subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading mortgage servicer and provider of mortgage lending solutions, announced today the expansion of its correspondent lending channel after a successful launch in June of this year.

PHH Mortgage Expands Correspondent Lending After Successful Launch

Award Recognizes Ocwen’s Long-Standing Commitment and Support to Helping Homeowners and Communities through Sustainable Home Retention Solutions Award Recognizes Ocwen’s Long-Standing Commitment and Support to Helping Homeowners and Communities through Sustainable Home Retention Solutions

Ocwen Financial Receives Top Award From HomeFree-USA at the Reaching Millions Housing Conference

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Insiders invest in Tenneco, Ocwen Financial and Southwestern Energy.

Weekly CFO Buys Highlight

EVP & CFO of Ocwen Financial Corp (30-Year Financial, Insider Trades) June C Campbell (insider trades) bought 33,750 shares of OCN on 08/14/2019 at an average price of $1.5 a share.

Ocwen Financial Corp (OCN) EVP & CFO June C Campbell Bought $50,625 of Shares

President & CEO of Ocwen Financial Corp (30-Year Financial, Insider Trades) Glen A.

Ocwen Financial Corp (OCN) President & CEO Glen A. Messina Bought $198,000 of Shares

Ocwen Financial Corporation (OCN) CEO Glen Messina on Q2 2019 Results - Earnings Call Transcript

Ocwen Financial Corporation (OCN) CEO Glen Messina on Q1 2019 Results - Earnings Call Transcript

News for Ocwen Financial Stock (OCN)