Last $8.67 USD
Change Today -0.38 / -4.20%
Volume 6.4M
OCN On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

ocwen financial corp (OCN) Key Developments

Ocwen Financial Corp. announced delayed annual 10-K filing

On 03/03/2015, Ocwen Financial Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Ocwen Financial Corporation Enters into an Amendment to its $1.3 Billion Senior Secured Term Loan

On March 2, 2015, Ocwen Financial Corporation entered into an amendment to its $1.3 billion Senior Secured Term Loan (SSTL) to remove certain restrictions on asset sales and permanently increase a financial covenant. Ocwen has agreed to an accelerated repayment schedule for cash received from asset sales. On February 27, 2015, the company entered into an agreement with a global financial institution to provide replacement financing on Ocwen's $450 million OFSART servicing advance facility should the existing lender seek not to refinance the facility upon its maturity in June 2015. This agreement is subject to definitive documentation and other customary funding conditions.

Ocwen Financial Corporation Considering Multiple Strategic Alternatives

Ocwen Financial Corp. (NYSE:OCN) is considering multiple strategic alternatives. “Ocwen Financial Corporation has appointed Moelis & Company and Barclays Capital Inc. to help it explore “strategic options,” Ocwen Financial Corporation said February 3, 2015 in a statement.

Ocwen Financial Corp. expected to report Fiscal Year 2014 results on March 5, 2015. This event was calculated by Capital IQ (Created on February 27, 2015).

Ocwen Financial Corp. expected to report Fiscal Year 2014 results on March 5, 2015. This event was calculated by Capital IQ (Created on February 27, 2015).

Ocwen Financial Corp. Announces Board Appointments

Ocwen Financial Corporation announced that it has named two new independent directors to its Board of Directors. Phyllis R. Caldwell, Vice Chair of Community Preservation and Development Corporation and DeForest Blake Soaries, Jr., Senior Pastor, First Baptist Church of Lincoln Gardens, New Jersey, have joined Ocwen's Board. Phyllis R. Caldwell is a finance and economic development advisor and was previously Chief, Homeownership Preservation Office at the U.S. Department of the Treasury, responsible for oversight of the U.S. housing market stabilization, economic recovery and foreclosure prevention initiatives established through the Troubled Asset Relief Program.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
OCN:US $8.67 USD -0.38

OCN Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Flagstar Bancorp Inc $14.76 USD +0.02
Nationstar Mortgage Holdings Inc $26.29 USD -0.29
PennyMac Financial Services Inc $17.67 USD +0.12
PHH Corp $24.23 USD +0.13
Walter Investment Management Corp $15.71 USD +0.14
View Industry Companies
 

Industry Analysis

OCN

Industry Average

Valuation OCN Industry Range
Price/Earnings 6.8x
Price/Sales 0.5x
Price/Book 0.7x
Price/Cash Flow 2.5x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact OCWEN FINANCIAL CORP, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.