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Last $8.43 USD
Change Today -3.33 / -28.32%
Volume 21.4M
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

ocwen financial corp (OCN) Snapshot

Open
$9.89
Previous Close
$11.76
Day High
$10.22
Day Low
$7.98
52 Week High
09/19/14 - $29.27
52 Week Low
01/23/15 - $5.66
Market Cap
1.1B
Average Volume 10 Days
3.8M
EPS TTM
$-0.67
Shares Outstanding
125.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for OCWEN FINANCIAL CORP (OCN)

ocwen financial corp (OCN) Related Businessweek News

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ocwen financial corp (OCN) Details

Ocwen Financial Corporation, a financial services holding company, engages in servicing and origination of mortgage loans in the United States. Its Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset management services to owners of mortgage loans and foreclosed real estate. This segment’s residential servicing portfolio includes conventional, government insured, and non-agency loans. The company’s Lending segment is involved in originating and purchasing conventional and government-insured residential forward and reverse mortgage loans primarily through its correspondent lending arrangements, broker relationships, and directly with mortgage customers. Ocwen Financial Corporation was founded in 1988 and is headquartered in Atlanta, Georgia.

11,400 Employees
Last Reported Date: 05/11/15
Founded in 1988

ocwen financial corp (OCN) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $740.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $261.5K
Senior Vice President of Global Tax
Total Annual Compensation: $510.0K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $423.5K
Executive Vice President, General Counsel and...
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2014.

ocwen financial corp (OCN) Key Developments

Ocwen Financial Corporation Reports Unaudited Consolidated Earnings Results Ended Second Quarter and Six Months Ended June 30, 2015

Ocwen Financial Corporation reported unaudited consolidated earnings results ended second quarter and six months ended June 30, 2015. For the quarter, the company reported net income attributable to the company’s stockholders of $10 million, or $0.08 per diluted share, compared to net income of $67 million, or $0.48 per diluted share, for the three months ended June 30, 2014. Revenue was $463 million, down 16% compared to the second quarter of the prior year revenue of $553.074 million. Income from operations was $111 million compared to $208 million for the second quarter of 2014. Cash from operating activities was $210 million, up $196 million over the same period last year. Pre-tax income for the second quarter of 2015 was impacted by a number of significant items including but not limited to: $30 million of net gains from sales of performing and non-performing agency mortgage servicing rights (MSRs) with a total unpaid principal balance (UPB) of $56.5 billion, $15 million of strategic advisor expenses and $6 million of monitor costs. Income before income taxes was $12.500 million against $77.177 million a year ago. For the six months, the company reported total revenue of $973.695 million against $1,104.335 million a year ago. Income before income taxes was $55.329 million against $148.880 million a year ago. Net income attributable to the company’s stockholders was $44.093 million or $0.35 per diluted share against $127.456 million or $0.91 per diluted share a year ago. Net cash provided by operating activities was $534.965 million against $210.023 million a year ago. Additions to premises and equipment were $8.038 million against $5.092 million a year ago.

Ocwen Financial Corp. to Report Q2, 2015 Results on Jul 30, 2015

Ocwen Financial Corp. announced that they will report Q2, 2015 results at 8:32 PM, GMT Standard Time on Jul 30, 2015

Ocwen Financial Corp., Q2 2015 Earnings Call, Jul 30, 2015

Ocwen Financial Corp., Q2 2015 Earnings Call, Jul 30, 2015

 

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OCN Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Flagstar Bancorp Inc $20.30 USD +0.30
Nationstar Mortgage Holdings Inc $18.55 USD -0.39
PennyMac Financial Services Inc $18.23 USD +0.55
PHH Corp $24.96 USD +0.21
Walter Investment Management Corp $21.80 USD +0.08
View Industry Companies
 

Industry Analysis

OCN

Industry Average

Valuation OCN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.5x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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