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Last $10.32 USD
Change Today +0.11 / 1.08%
Volume 3.3M
OCN On Other Exchanges
New York
As of 8:04 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

ocwen financial corp (OCN) Snapshot

Previous Close
Day High
Day Low
52 Week High
06/23/14 - $38.80
52 Week Low
01/23/15 - $5.66
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for OCWEN FINANCIAL CORP (OCN)

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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 to Discontinue Residential Servicing Operations at Houston Facility

Ocwen Financial announced that after a strategic review it will discontinue its residential servicing operations at its Houston facility. The decision was made to streamline the number of call center sites, eliminate redundancies, and increase effectiveness within Ocwen's residential loan servicing operations. The decision will affect 140 residential servicing employees, which is less than 5% of the company's 3,200 employees in the U.S. All impacted employees will have the opportunity to apply for employment at other Ocwen servicing facilities.

Ocwen Financial Corporation Considering Multiple Strategic Alternatives

Ocwen Financial Corp. (NYSE:OCN) is considering multiple strategic alternatives. Ocwen Financial Corporation (NYSE:OCN) said on May 27, 2015, that it will discontinue its residential servicing operations at its Houston facility. Ocwen's Commercial Servicing unit will continue operations out of the Houston location and will not be impacted.

Ocwen Financial Appoints Alan J. Bowers to Board of Directors

Ocwen Financial Corporation announced that it has appointed Alan J. Bowers as a new independent director to its Board of Directors. Mr. Bowers' appointment expands the Board to eight directors, seven of whom are independent directors. Mr. Bowers has no prior affiliation with Ocwen, its Board members, management, or employees. Mr. Bowers brings over 30 years of experience in accounting and executive management to Ocwen's Board, including experience on the audit committees of private and public companies. Since December 2010, Mr. Bowers has served as a director of Walker & Dunlop Inc. as Lead Director and on the Audit Committee and Nominating and Corporate Governance Committee (Chairman).


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