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Last $10.82 USD
Change Today +0.56 / 5.46%
Volume 5.3M
OCN On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

ocwen financial corp (OCN) Snapshot

Open
$10.23
Previous Close
$10.26
Day High
$10.94
Day Low
$10.22
52 Week High
06/23/14 - $38.80
52 Week Low
01/23/15 - $5.66
Market Cap
1.4B
Average Volume 10 Days
4.8M
EPS TTM
$-1.41
Shares Outstanding
125.8M
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, through its subsidiaries, is engaged in the servicing and origination of mortgage loans in the United States and internationally. The company’s 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 segments residential servicing portfolio includes conventional; government insured; and non-agency loans, such as subprime loans. Ocwen Financial Corporation’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, as well as offers direct lending services. The company was founded in 1988 and is headquartered in Atlanta, Georgia.

ocwen financial corp (OCN) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $540.0K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $393.9K
Executive Vice President, General Counsel and...
Total Annual Compensation: $242.3K
Senior Vice President of International Tax Pl...
Total Annual Compensation: $166.7K
Compensation as of Fiscal Year 2013.

ocwen financial corp (OCN) Key Developments

Ocwen Financial Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Ocwen Financial Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue of $510,444,000 compared to $551,261,000 a year ago. Income from operations was $132,086,000 compared to $202,067,000 a year ago. Income before income tax was $42,829,000 compared to $71,703,000 a year ago. Net income attributable to the company’s common stockholders was $34,355,000 compared to $60,501,000 a year ago. Diluted income per share was $0.27 compared to $0.43 a year ago. Net cash provided by operating activities was $322,795,000 against $195,782,000 a year ago. Additions to premises and equipment were $3,918,000 against $3,308,000 a year ago.

Ocwen Financial and Assurant Announce Settlement in Class Action Lawsuit

Ocwen Financial and Assurant have reached an agreement to settle charges that the embattled mortgage servicer profited from kickbacks on force-placed insurance policies with struggling homeowners. The settlement, filed in federal court earlier this week, would provide $140 million in monetary relief to nearly 400,000 borrowers. It would also provide an additional $10 million for legal fees and expenses. The settlement covers homeowners who were charged for policies between January 1, 2008 and January 23, 2015. The settlement is pending final approval in the U.S. District Court for the Southern District of Florida. Under terms of the agreement, Ocwen would be prohibited from accepting commission for force-placed policies, or entering into quota-share arrangements with insurers. The settlement would also prohibit Assurant from accepting payments from Ocwen for below-cost or free outsourced services.

Ocwen Financial Corp. to Report Q1, 2015 Results on Apr 30, 2015

Ocwen Financial Corp. announced that they will report Q1, 2015 results at 5:00 PM, US Eastern Standard Time on Apr 30, 2015

 

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OCN:US $10.82 USD +0.56

OCN Competitors

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Company Last Change
Flagstar Bancorp Inc $17.47 USD +0.31
Nationstar Mortgage Holdings Inc $26.17 USD +0.46
PennyMac Financial Services Inc $18.53 USD +0.17
PHH Corp $25.14 USD -0.02
Walter Investment Management Corp $19.49 USD +1.90
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Industry Analysis

OCN

Industry Average

Valuation OCN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book 1.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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