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Ocwen Financial Corporation - OCN STOCK NEWS

Welcome to our dedicated page for Ocwen Financial Corporation news (Ticker: OCN), a resource for investors and traders seeking the latest updates and insights on Ocwen Financial Corporation stock.

Ocwen Financial Corporation (NYSE: OCN), transitioning to Onity Group Inc., is a leading non-bank mortgage servicer specializing in foreclosure prevention and loan modification solutions. This news hub provides investors and industry professionals with essential updates on strategic initiatives, regulatory compliance developments, and operational milestones.

Discover comprehensive coverage of earnings reports, service expansions, and technology investments that drive the company's customer-first approach. Our curated collection includes press releases about PHH Mortgage operations, Liberty Reverse Mortgage updates, and corporate rebranding progress.

Stay informed about OCN's evolving strategies in mortgage servicing and loss mitigation through verified updates on loan modification programs, regulatory filings, and market positioning. This resource eliminates the need to track multiple sources, offering organized access to critical information for investment analysis and industry monitoring.

Bookmark this page for real-time updates on operational developments affecting one of the nation's largest mortgage servicers. Check back regularly for insights into how Onity Group's technology-driven solutions continue shaping the non-bank lending landscape.

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Ocwen Financial Corporation (NYSE: OCN) subsidiary PHH Mortgage Corporation announced a mortgage subservicing agreement with Zillow Home Loans, LLC, completing the initial loan transfer in August 2023. The agreement aligns with PHH's strategy to expand its subservicing portfolio and solidify its position as a premier industry subservicer. As of September 30, 2023, PHH Mortgage's total servicing portfolio was approximately $296 billion, with $167 billion in subservicing. The company received recognition for servicing excellence from Freddie Mac, Fannie Mae, and HUD, making it the most highly decorated servicer in the U.S. over the past two years.
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Ocwen Financial Corporation (NYSE: OCN) reported a net income of $8 million and earnings per share of $1.10 for the third quarter of 2023. Adjusted pre-tax income was $10 million, driven by the servicing segment, achieving a 9% annualized adjusted pre-tax return on equity. Total servicing UPB was $296 billion and total subservicing UPB was $167 billion, up 2% and 6%, respectively, compared to Q2’23. The company also repurchased $14 million in PHH senior secured notes below par.
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Ocwen Financial Corporation will hold a conference call on November 7, 2023, to review its third quarter 2023 operating results and provide a business update. Interested parties can access the call via dial-in or live audio webcast. An investor presentation will be available prior to the call. A replay of the call will be available on the website for 15 days.
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Liberty Reverse Mortgage named NAMB's 2023 Affiliate Company of the Year for their excellence in delivering reverse mortgage education and supporting NAMB members.
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Ocwen Financial Corporation receives favorable ruling in pending litigation with the Consumer Financial Protection Bureau (CFPB). District Court grants Ocwen's motion for summary judgment, enters final judgment in the Company's favor, and closes the case.
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Ocwen Financial Corporation (NYSE: OCN) announced a conference call scheduled for May 4, 2023, at 8:30 a.m. ET. The call will focus on reviewing the company’s first quarter 2023 operating results and providing a business update. Participants can join by calling (855) 327-6837 or (631) 891-4304, or through a live audio webcast available on Ocwen's Shareholder Relations page. An accompanying investor presentation will be available before the call. A replay of the call will be accessible on the website approximately two hours post-call and will remain available for 15 days. Ocwen Financial operates under brands such as PHH Mortgage and Liberty Reverse Mortgage, serving customers since 1988.

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Ocwen Financial Corporation

NYSE:OCN

OCN Rankings

OCN Stock Data

195.87M
7.81M
20.95%
51.5%
0.53%
Mortgage Finance
Mortgage Bankers & Loan Correspondents
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United States
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