Press Releases

Date Title and Summary View
Toggle Summary OCWEN FINANCIAL PROVIDES COMPANY UPDATE
Taking Decisive Action to Address COVID-19 Updating 2020 Earnings Guidance due to Evolving Business and Financial Implications of COVID-19 WEST PALM BEACH, Fla. , April 03, 2020 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage
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Toggle Summary Ocwen Financial Announces Strong Results for the Fourth Quarter
Achieved Net Income of $34.9 million for the fourth quarter of 2019 Increasing 2020 volume target for lending and flow channels to $15 - 20 billion reflecting continued strong growth and business momentum across originations platform Expense savings from cost re-engineering initiatives were
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Toggle Summary Ocwen Financial Schedules Conference Call – Fourth Quarter 2019 Results
WEST PALM BEACH, Fla. , Feb. 19, 2020 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”) will hold a conference call on Wednesday, February 26, 2020 at 8:30 a.m. (ET) to review the Company’s fourth quarter 2019 operating results.
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Toggle Summary Ocwen Financial Announces Preliminary Fourth Quarter 2019 Financial and Operating Results
Continued strong execution against key business initiatives resulted in estimated fourth quarter 2019 pre-tax income of $37 million , net income of $35 million , pre-tax earnings excluding income statement notables of approximately $12 million , and total shareholders’ equity of $412 million as of
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Toggle Summary Ocwen Financial Announces Amendment to Senior Secured Term Loan
WEST PALM BEACH, Fla. , Jan. 27, 2020 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, announced today that it has entered into an amendment to its Senior Secured Term Loan (“SSTL”) that extends the maturity
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Toggle Summary Ocwen Financial Announces Operating Results For Third Quarter 2019
Reported a Net Loss of $42.8 million for the third quarter of 2019 Realized annualized run rate cost savings ahead of our expectations through the third quarter and are targeting a more accelerated pace of cost re-engineering in the fourth quarter   Enhanced lending capabilities resulted in an
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Toggle Summary Ocwen Financial Schedules Conference Call – Third Quarter 2019 Results
WEST PALM BEACH, Fla. , Oct. 28, 2019 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”) will hold a conference call on Tuesday, November 5, 2019 at 8:30 a.m. (ET) to review the Company’s third quarter 2019 operating results.
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Toggle Summary PHH Mortgage Expands Correspondent Lending After Successful Launch
WEST PALM BEACH, Fla. , Oct. 24, 2019 (GLOBE NEWSWIRE) -- PHH Mortgage, a subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading mortgage servicer and provider of mortgage lending solutions, announced today the expansion of its correspondent lending channel after a successful launch in
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Toggle Summary Ocwen Financial Corporation Comments on Court Ruling Related to Motion to Dismiss Florida Complaint
WEST PALM BEACH, Fla. , Oct. 01, 2019 (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 September 30, 2019 by the United States District
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Toggle Summary Ocwen Financial Receives Top Award From HomeFree-USA at the Reaching Millions Housing Conference
Award Recognizes Ocwen’s Long-Standing Commitment and Support to Helping Homeowners and Communities through Sustainable Home Retention Solutions WEST PALM BEACH, Fla. , Sept. 19, 2019 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage
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