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Ocwen Financial Corp (OCN.N)

OCN.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

PHH Q2 Loss Per Share $1.07
Friday, 3 Aug 2018 

Aug 3 (Reuters) - Phh Corp ::ORATION ANNOUNCES SECOND QUARTER 2018 RESULTS.Q2 LOSS PER SHARE $1.11 FROM CONTINUING OPERATIONS.Q2 LOSS PER SHARE $1.07.Q2 REVENUE ROSE 38 PERCENT.COMPANY ENDED Q2 2018 WITH CASH AND CASH EQUIVALENTS OF $453 MILLION.CURRENTLY TARGETING CLOSING TRANSACTION WITH OCWEN IN Q3 OF 2018.  Full Article

Ocwen Financial Q2 Loss Per Share $0.22
Thursday, 26 Jul 2018 

July 26 (Reuters) - Ocwen Financial Corp ::OCWEN FINANCIAL ANNOUNCES OPERATING RESULTS FOR SECOND QUARTER 2018.Q2 GAAP LOSS PER SHARE $0.22.Q2 REVENUE $253.6 MILLION.  Full Article

Ocwen Financial Says John Britti To Serve As Co's Interim CEO, From July 1
Monday, 25 Jun 2018 

June 25 (Reuters) - Ocwen Financial Corp ::OCWEN FINANCIAL SAYS JOHN BRITTI TO SERVE AS CO'S INTERIM CEO, FROM JULY 1 UNTIL EXPECTED CLOSING OF DEAL WITH PHH CORPORATION - SEC FILING.  Full Article

Ocwen Financial Q1 GAAP Earnings Per Share $0.02
Wednesday, 2 May 2018 

May 2 (Reuters) - Ocwen Financial Corp ::OCWEN FINANCIAL ANNOUNCES OPERATING RESULTS FOR FIRST QUARTER 2018.Q1 GAAP EARNINGS PER SHARE $0.02.QTRLY TOTAL REVENUE $ 260.3 MILLION VERSUS $321.9 MILLION.  Full Article

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
Tuesday, 24 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