Last $9.25 USD
Change Today +0.71 / 8.31%
Volume 8.0M
OCN On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 4:15 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

ocwen financial corp (OCN) Snapshot

Open
$9.05
Previous Close
$8.54
Day High
$9.32
Day Low
$8.57
52 Week High
03/19/14 - $41.94
52 Week Low
01/23/15 - $5.66
Market Cap
1.2B
Average Volume 10 Days
8.5M
EPS TTM
$2.04
Shares Outstanding
125.8M
EX-Date
--
P/E TM
4.5x
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.

10,100 Employees
Last Reported Date: 08/18/14
Founded in 1988

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 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 & Co. and Barclays Plc to help it explore “strategic options,” Ocwen Financial Corporation said February 3, 2015 in a statement.

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.

 

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OCN Competitors

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Company Last Change
Flagstar Bancorp Inc $14.61 USD -0.15
Nationstar Mortgage Holdings Inc $26.95 USD +0.48
PennyMac Financial Services Inc $17.52 USD -0.31
PHH Corp $24.16 USD -0.11
Walter Investment Management Corp $15.85 USD -0.04
View Industry Companies
 

Industry Analysis

OCN

Industry Average

Valuation OCN Industry Range
Price/Earnings 6.1x
Price/Sales 0.5x
Price/Book 0.6x
Price/Cash Flow 2.2x
TEV/Sales NM Not Meaningful
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