Press Releases

Date Title and Summary View
Toggle Summary 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 it will hold a conference call on Thursday, August 3, 2023 at 8:30 a.m.
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Toggle Summary Ocwen Financial Announces First Quarter 2023 Results
Net loss of $40 million , driven by a $39 million reduction in unrealized MSR fair value due to lower interest rates Adjusted pre-tax income of $6 million , driven by strong servicing performance Achieved an annualized cost reduction of more than $100 million versus Q2’22 baseline Total liquidity
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Toggle Summary 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 servicer and originator, today announced that it has entered into a reverse mortgage subservicing
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Toggle Summary Ocwen Financial Comments on U.S. District Court’s Favorable Decision in CFPB Matter
District Court rules in Ocwen’s favor and orders the case closed 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 following statement in response to
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Toggle Summary 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 it will hold a conference call on Thursday, May 4, 2023 at 8:30 a.m.
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Toggle Summary 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 subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading non-bank mortgage servicer and
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Toggle Summary PHH Mortgage Announces Initial Results of New Subservicing Relationship With Sierra Pacific
Achieving substantial improvements in customer experience and servicing oversight costs WEST 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
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Toggle Summary PHH Mortgage Recognized by Fannie Mae as a 2022 Star Performer
Awarded for the second consecutive year WEST 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 announced the Company achieved Fannie Mae’s
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Toggle Summary Ocwen Financial Announces Full Year and Fourth Quarter 2022 Results
Net income of $26 million and EPS of $2.97 for 2022, up 42% and 49% respectively from 2021 Book value per share of $61, up 17% from year-end 2021 Net loss of $80 million in the quarter, including $75 million of income statement notables Achieved an annualized cost reduction of $100 million versus
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Toggle Summary PHH Mortgage Honored by Freddie Mac for Superior Loan Servicing
Awarded for the third consecutive year WEST 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 announced the Company was honored with a 2022
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