$OCN News

Last published 2y ago

2y agoOCN ONITOcwen Financial Officially Rebrands as Onity™ GroupGlobeNewswireWEST PALM BEACH, Fla., June 10, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE:ONIT) ("Onity" or the "Company"), a leading non-bank mortgage servicer and originator, today announced that it has officially started
2y agoOCNOcwen Financial Announces Shareholder Approval to Rebrand as Onity™ GroupGlobeNewswireNew name and NYSE trading symbol ("ONIT") expected to be effective June 10, 2024PHH Mortgage expected to rebrand to Onity Mortgage in the fall of 2024 WEST PALM BEACH, Fla., May 28, 2024 (GLOBE NEWSWIRE) -- Ocwen
2y agoOCNOcwen Financial Corporation (OCN) Q1 2024 Earnings Call TranscriptEarnings Call Transcripts
2y agoOCNOcwen Financial Announces First Quarter 2024 ResultsGlobeNewswireNet income of $30 million and diluted earnings per share of $3.74; annualized return on equity of 29%Adjusted pre-tax income of $14 million, driven by servicing segment; achieved 13.8% annualized adjusted pre-tax return
2y agoOCNOcwen Financial Schedules Conference Call – First Quarter 2024 Results and Business UpdateGlobeNewswireWEST PALM BEACH, Fla., April 24, 2024 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced that it will hold a
2y agoOCNOcwen Financial Announces Intention to Rebrand as Onity™ GroupGlobeNewswireName 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 PHH Mortgage
2y agoOCNOcwen Financial Corporation Announces Appointment of Claudia Merkle to Board of DirectorsGlobeNewswireWEST PALM BEACH, Fla., April 02, 2024 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced the appointment of
2y agoOCNPHH Mortgage Recognized by Fannie Mae as a 2023 Star PerformerGlobeNewswireWEST 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 originator, today
2y agoOCNOcwen Financial Corporation (OCN) Q4 2023 Earnings Call TranscriptEarnings Call Transcripts
2y agoOCNOcwen Financial Announces Full Year and Fourth Quarter 2023 ResultsGlobeNewswireNet loss of $64 million for 2023, driven by $89 million reduction in unrealized MSR value change due to rates and assumptions, net of hedgeAdjusted pre-tax income of $49 million for 2023, driven by strong servicing
2y agoOCNOcwen Financial Schedules Conference Call – Fourth Quarter and Full Year 2023 ResultsGlobeNewswireWEST 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 it will hold a
2y agoOCNPHH Mortgage Announces New Subservicing Agreement With Zillow Home LoansGlobeNewswireAgreement 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 Mortgage
3y agoOCNOcwen Financial Announces Third Quarter 2023 ResultsGlobeNewswireNet income of $8 million and earnings per share of $1.10; annualized return on equity of 8%Adjusted pre-tax income of $10 million, driven by servicing segment; achieved 9% annualized adjusted pre-tax return on
3y agoOCNOcwen Financial Schedules Conference Call – Third Quarter 2023 Results and Business UpdateGlobeNewswireWEST 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 it will hold a
3y agoOCNLiberty Reverse Mortgage Wins National Association Of Mortgage Brokers 2023 Affiliate Of The Year AwardGlobeNewswireWEST 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 large-scale,
3y agoOCNOcwen Financial Announces Second Quarter 2023 ResultsGlobeNewswireNet income of $15 million, an improvement of $56 million from Q1'23Adjusted pre-tax income of $23 million, up $17 million over Q1'23Total liquidity of $233 million as of June 30, 2023, an increase of 6% over December 31,
3y agoOCNOcwen Financial Schedules Conference Call – Second Quarter 2023 Results and Business UpdateGlobeNewswireWEST 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 it will hold a
3y agoOCNOcwen Financial Announces First Quarter 2023 ResultsGlobeNewswireNet loss of $40 million, driven by a $39 million reduction in unrealized MSR fair value due to lower interest ratesAdjusted pre-tax income of $6 million, driven by strong servicing performanceAchieved an annualized cost
3y agoFOA OCNPHH Mortgage Announces New Subservicing Agreement with Finance of America ReverseGlobeNewswireWEST 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 servicer and originator,
3y agoOCNOcwen Financial Comments on U.S. District Court's Favorable Decision in CFPB MatterGlobeNewswireWEST 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 following statement in
3y agoOCNPHH Mortgage Announces Initial Results of New Subservicing Relationship With Sierra PacificGlobeNewswireWEST PALM BEACH, Fla., April 18, 2023 (GLOBE NEWSWIRE) -- PHH Mortgage Corporation ("PHH" or the "Company"), a subsidiary of Ocwen Financial Corporation (NYSE:OCN) and a leading non-bank mortgage servicer and
3y agoOCN SLNA WD CPLG+1Selina Announces Key Board Appointment and Formation of New Board CommitteeBusiness WireSelina Hospitality PLC ("Selina" or the "Company"), (NASDAQ:SLNA), the fast-growing lifestyle and experiential hospitality company targeting millennial and Gen Z travelers, is proud to announce the appointment
3y agoOCNPHH Mortgage Recognized by Fannie Mae as a 2022 Star PerformerGlobeNewswireWEST PALM BEACH, Fla., March 16, 2023 (GLOBE NEWSWIRE) -- PHH Mortgage ("PHH" or the "Company"), a subsidiary of Ocwen Financial Corporation (NYSE:OCN) and a leading non-bank mortgage servicer and originator, today
3y agoOCNOcwen Financial Announces Full Year and Fourth Quarter 2022 ResultsGlobeNewswireNet income of $26 million and EPS of $2.97 for 2022, up 42% and 49% respectively from 2021Book value per share of $61, up 17% from year-end 2021Net loss of $80 million in the quarter, including $75 million of income
3y agoOCNPHH Mortgage Honored by Freddie Mac for Superior Loan ServicingGlobeNewswireWEST PALM BEACH, Fla., Feb. 21, 2023 (GLOBE NEWSWIRE) -- PHH Mortgage ("PHH" or the "Company"), a subsidiary of Ocwen Financial Corporation (NYSE:OCN) and a leading non-bank mortgage servicer and originator, today
3y agoOCNOcwen Financial Schedules Conference Call – Fourth Quarter and Full-Year 2022 ResultsGlobeNewswireWEST 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 it will hold a
3y agoOCNOcwen Financial President and CEO Glen Messina Appointed as Board ChairGlobeNewswireWEST PALM BEACH, Fla., Jan. 23, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced that its Board of
4y agoOCNOcwen Financial Announces Third Quarter 2022 ResultsGlobeNewswireNet income of $37 million and earnings per share of $4.33; annualized return on GAAP book equity of 27%Net income includes MSR Fair Value Net gain of $53 millionBook Value Per Share of $69, up $14 from year-end
4y agoOCNOcwen Financial Schedules Conference Call – Third Quarter 2022 Results and Business UpdateGlobeNewswireWEST 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 it will hold a
4y agoOCNPHH Mortgage Names Industry Veteran Michael Keaton as Senior Vice President of Default SubservicingGlobeNewswire30 years of experience in mortgage subservicing and default servicing Newly created sales executive role to drive special servicing growth opportunities WEST PALM BEACH, Fla., Oct. 17, 2022 (GLOBE NEWSWIRE) -- PHH
4y agoOCNOcwen Financial Comments On New Financial Eligibility Requirements Announced by FHFA and Ginnie MaeGlobeNewswireWEST PALM BEACH, Fla. , Sept. 09, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, issued the following statement in response to the minimum financial eligi
4y agoOCNOcwen Financial Announces Second Quarter 2022 ResultsGlobeNewswireNet income of $10 million and earnings per share of $1.12; return on equity of 8% Net income includes MSR Fair Value Net gain of $34 million and asset sales loss and other unfavorable mark-to-market adjustments of $15 million Book value per share of $
4y agoOCNOcwen Financial (OCN) Q2 2022 Earnings Call TranscriptEarnings Call TranscriptsOCN earnings call for the period ending June 30, 2022.
4y agoOCNOcwen Financial Schedules Conference Call – Second Quarter 2022 Results and Business UpdateGlobeNewswireWEST PALM BEACH, Fla., July 25, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Thursday, August 4,
4y agoOCNPHH Mortgage Announces Agreement With Federal Home Loan Bank of Indianapolis to Purchase Mortgage Servicing RightsGlobeNewswireWEST PALM BEACH, Fla., June 28, 2022 (GLOBE NEWSWIRE) -- PHH Mortgage ("PHH" or the "Company"), a subsidiary of Ocwen Financial Corporation (NYSE:OCN) and a leading non-bank mortgage servicer and originator, announced today that it has entered into an
4y agoOCNOcwen Board of Directors Authorizes $50 Million Share Repurchase ProgramGlobeNewswireWEST PALM BEACH, Fla., May 23, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced that on May 20, 2022, its Board of Directors authorized a sh
4y agoOCNOcwen Financial Appoints Sean O'Neil Executive Vice President and Chief Financial OfficerGlobeNewswireWEST PALM BEACH, Fla., May 18, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced the appointment of Sean O'Neil as Executive Vice President a
4y agoOCNOcwen Financial Announces First Quarter 2022 ResultsGlobeNewswireNet income of $58 million and earnings per share of $6.30 MSR Fair Value Net gain of $56 million GAAP return on equity of 46% Book value per share of $58 as of March 31, 2022, up 14% from March 31, 2021 Extended subservicing agreements with New Resi
4y agoOCNOcwen Financial (OCN) Q1 2022 Earnings Call TranscriptEarnings Call TranscriptsOCN earnings call for the period ending March 31, 2022.
4y agoOCNOcwen Financial Announces Preliminary First Quarter 2022 Results and Schedules Earnings Conference CallGlobeNewswireWEST PALM BEACH, Fla., April 27, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced preliminary results for the first quarter of 2022 and sche
4y agoOCNOcwen Financial Comments on U.S. Court of Appeals Decision in CFPB MatterGlobeNewswireWEST PALM BEACH, Fla., April 08, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, issued the following statement in response to the ruling issued on April 6
4y agoOCNPHH Mortgage Adds $56 Billion in New Subservicing Volume in 2021GlobeNewswireWEST PALM BEACH, Fla., April 06, 2022 (GLOBE NEWSWIRE) -- PHH Mortgage ("PHH" or the "Company"), a subsidiary of Ocwen Financial Corporation (NYSE:OCN) and a leading non-bank mortgage servicer and originator, provided an update on the significant growt
4y agoOCNLiberty Reverse Mortgage Named One of the Best Companies to Work For by National Mortgage NewsGlobeNewswireWEST PALM BEACH, Fla., March 10, 2022 (GLOBE NEWSWIRE) -- Liberty Reverse Mortgage ("Liberty" or the "Company"), one of the nation's largest and most experienced reverse mortgage lenders, today announced the Company has been named one of the Best Mortg
4y agoOCNPHH Mortgage Recognized as a 2021 STAR Performer by Fannie MaeGlobeNewswireWEST PALM BEACH, Fla., Feb. 28, 2022 (GLOBE NEWSWIRE) -- PHH Mortgage ("PHH" or the "Company"), a subsidiary of Ocwen Financial Corporation (NYSE:OCN) and a leading non-bank mortgage servicer and originator, today announced the Company achieved Fannie
4y agoOCNOcwen Financial Announces Full Year and Fourth Quarter 2021 ResultsGlobeNewswireNet income of $18 million for the full year 2021 Net loss of $2 million in the quarter including $14 million of income statement notables $43 billion of new servicing additions in the quarter, including $32 billion in subservicing Closed reverse serv
4y agoOCNOcwen Financial (OCN) Q4 2021 Earnings Call TranscriptEarnings Call TranscriptsOCN earnings call for the period ending December 31, 2021.
4y agoOCNPHH Mortgage Honored by Freddie Mac for Superior Loan ServicingGlobeNewswireWEST PALM BEACH, Fla., Feb. 23, 2022 (GLOBE NEWSWIRE) -- PHH Mortgage ("PHH" or the "Company"), a subsidiary of Ocwen Financial Corporation (NYSE:OCN) and a leading non-bank mortgage servicer and originator, today announced the Company was honored with
4y agoOCNOcwen Financial Schedules Conference Call – Fourth Quarter 2021 Results and Business UpdateGlobeNewswireWEST PALM BEACH, Fla., Feb. 18, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Friday, February 25,
4y agoOCNPHH Mortgage Renews Partnership With the NAACP to Help Impacted Homeowners and Communities Through Borrower Outreach SeriesGlobeNewswirePlan to host more than 55 regional borrower outreach events in 2022More than 90 borrower outreach events completed since start of COVID-19 pandemicThird consecutive year partnering with NAACP for annual outreach series WEST PALM BEACH, Fla., Feb. 1
4y agoOCNOcwen Financial Wins External Partner of the Year From Neighborhood Housing Services of New York CityGlobeNewswireWEST PALM BEACH, Fla., Nov. 18, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced that Neighborhood Housing Services of New York City ("NHSNY