Ocwen Financial Corporation (OCN)

NYSE: OCN · IEX Real-Time Price · USD
23.45
+0.39 (1.69%)
Apr 19, 2024, 4:00 PM EDT - Market closed
1.69%
Market Cap 180.20M
Revenue (ttm) 1.07B
Net Income (ttm) -63.70M
Shares Out 7.68M
EPS (ttm) -8.34
PE Ratio n/a
Forward PE 4.25
Dividend n/a
Ex-Dividend Date n/a
Volume 7,118
Open 22.72
Previous Close 23.06
Day's Range 22.72 - 23.50
52-Week Range 21.15 - 35.79
Beta 1.90
Analysts Buy
Price Target 39.00 (+66.31%)
Earnings Date May 2, 2024

About OCN

Ocwen Financial Corporation, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. It operates through, Servicing and Originations segments. The company provides commercial forward mortgage loan servicing, reverse mortgage servicing, special servicing, and asset management services for to owners of mortgage loans and foreclosed real estate, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured... [Read more]

Sector Financials
IPO Date Sep 25, 1996
Employees 4,500
Stock Exchange NYSE
Ticker Symbol OCN
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for OCN stock is "Buy." The 12-month stock price forecast is $39.0, which is an increase of 66.31% from the latest price.

Price Target
$39.0
(66.31% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Ocwen Financial Announces Intention to Rebrand as Onity™ Group

Name change proposal to be submitted for approval at upcoming Annual Meeting of Shareholders New name embodies the Company's transformation into a balanced and diversified business Ocwen subsidiary PH...

16 days ago - GlobeNewsWire

Ocwen Financial Corporation Announces Appointment of Claudia Merkle to Board of Directors

Phyllis Caldwell Will Not Stand for Re-election at 2024 Annual Meeting of Shareholders Phyllis Caldwell Will Not Stand for Re-election at 2024 Annual Meeting of Shareholders

17 days ago - GlobeNewsWire

PHH Mortgage Recognized by Fannie Mae as a 2023 Star Performer

WEST PALM BEACH, Fla., March 11, 2024 (GLOBE NEWSWIRE) -- PHH Mortgage (“PHH” or the “Company”), a subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading non-bank mortgage servicer and or...

5 weeks ago - GlobeNewsWire

Ocwen Financial Announces Full Year and Fourth Quarter 2023 Results

WEST PALM BEACH, Fla., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced its fu...

7 weeks ago - GlobeNewsWire

Ocwen Financial Schedules Conference Call – Fourth Quarter and Full Year 2023 Results

WEST PALM BEACH, Fla., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that i...

2 months ago - GlobeNewsWire

PHH Mortgage Announces New Subservicing Agreement With Zillow Home Loans

Agreement expands existing correspondent relationship to strategic servicing partner Initial onboarding of loans completed in August 2023 WEST PALM BEACH, Fla., Nov. 13, 2023 (GLOBE NEWSWIRE) -- PHH M...

5 months ago - GlobeNewsWire

Ocwen Financial Announces Third Quarter 2023 Results

WEST PALM BEACH, Fla., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced its th...

5 months ago - GlobeNewsWire

Ocwen Financial Schedules Conference Call – Third Quarter 2023 Results and Business Update

WEST PALM BEACH, Fla., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that i...

6 months ago - GlobeNewsWire

Liberty Reverse Mortgage Wins National Association Of Mortgage Brokers 2023 Affiliate Of The Year Award

WEST PALM BEACH, Fla., Sept. 25, 2023 (GLOBE NEWSWIRE) -- Liberty Reverse Mortgage (“Liberty” or the “Company”), one of the nation's largest and most experienced reverse mortgage lenders and the only ...

7 months ago - GlobeNewsWire

Ocwen Financial Announces Second Quarter 2023 Results

WEST PALM BEACH, Fla., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced its se...

9 months ago - GlobeNewsWire

Ocwen Financial Schedules Conference Call – Second Quarter 2023 Results and Business Update

WEST PALM BEACH, Fla., July 27, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that i...

9 months ago - GlobeNewsWire

Ocwen Financial Announces First Quarter 2023 Results

WEST PALM BEACH, Fla., May 04, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced its fir...

1 year ago - GlobeNewsWire

PHH Mortgage Announces New Subservicing Agreement with Finance of America Reverse

WEST PALM BEACH, Fla., May 03, 2023 (GLOBE NEWSWIRE) -- PHH Mortgage Corporation (“PHH” or the “Company”), a subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading non-bank mortgage servi...

1 year ago - GlobeNewsWire

Ocwen Financial Comments on U.S. District Court's Favorable Decision in CFPB Matter

WEST PALM BEACH, Fla., May 02, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today issued the follow...

1 year ago - GlobeNewsWire

Ocwen Financial Schedules Conference Call – First Quarter 2023 Results and Business Update

WEST PALM BEACH, Fla., April 26, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that ...

1 year ago - GlobeNewsWire

PHH Mortgage Renews Partnership with NAACP to Help Homeowners Through Virtual Borrower Outreach Series

Fourth consecutive year partnering with NAACP for annual borrower outreach series 40 regional virtual events planned for 2023 WEST PALM BEACH, Fla., April 25, 2023 (GLOBE NEWSWIRE) -- PHH Mortgage, a ...

1 year ago - GlobeNewsWire

PHH Mortgage Announces Initial Results of New Subservicing Relationship With Sierra Pacific

Achieving substantial improvements in customer experience and servicing oversight costs Achieving substantial improvements in customer experience and servicing oversight costs

1 year ago - GlobeNewsWire

PHH Mortgage Recognized by Fannie Mae as a 2022 Star Performer

Awarded for the second consecutive year Awarded for the second consecutive year

1 year ago - GlobeNewsWire

Ocwen Financial Announces Full Year and Fourth Quarter 2022 Results

WEST PALM BEACH, Fla., Feb. 28, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced its fu...

1 year ago - GlobeNewsWire

PHH Mortgage Honored by Freddie Mac for Superior Loan Servicing

Awarded for the third consecutive year Awarded for the third consecutive year

1 year ago - GlobeNewsWire

Ocwen Financial Schedules Conference Call – Fourth Quarter and Full-Year 2022 Results

WEST PALM BEACH, Fla., Feb. 17, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that i...

1 year ago - GlobeNewsWire

Ocwen Financial President and CEO Glen Messina Appointed as Board Chair

Phyllis Caldwell to Remain on the Board; Kevin Stein to Assume the Role of Lead Independent Director Phyllis Caldwell to Remain on the Board; Kevin Stein to Assume the Role of Lead Independent Directo...

1 year ago - GlobeNewsWire

Ocwen Financial Announces Third Quarter 2022 Results

Completes agreement with Oaktree for incremental $250 million investment to acquire additional MSRs through MSR Asset Vehicle Completes agreement with Oaktree for incremental $250 million investment t...

1 year ago - GlobeNewsWire

Ocwen Financial Schedules Conference Call – Third Quarter 2022 Results and Business Update

WEST PALM BEACH, Fla., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that i...

1 year ago - GlobeNewsWire

PHH Mortgage Names Industry Veteran Michael Keaton as Senior Vice President of Default Subservicing

30 years of experience in mortgage subservicing and default servicing

1 year ago - GlobeNewsWire