Net loss of $64 million for 2023, driven by $89 million reduction in unrealized MSR value change due to rates and assumptions, net of hedge Adjusted pre-tax income of $49 million for 2023, driven by strong servicing performance Achieved GAAP operating expense reduction over $120 million, or 23%,
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 it will hold a conference call on Tuesday, February 27, 2024 at 8:30 a.m.
Net 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 equity Total servicing UPB of $296 billion and total subservicing UPB of $167 billion,
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 it will hold a conference call on Tuesday, November 7, 2023 at 8:30 a.m.
Net income of $15 million, an improvement of $56 million from Q1’23 Adjusted pre-tax income of $23 million, up $17 million over Q1’23 Total liquidity of $233 million as of June 30, 2023, an increase of 6% over December 31, 2022 Favorable ruling in legacy CFPB matter stands; case remains closed WEST
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.
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.
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
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 it will hold a conference call on Tuesday, February 28, 2023 at 8:30 a.m.
Completes agreement with Oaktree for incremental $250 million investment to acquire additional MSRs through MSR Asset Vehicle Net 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 million Book Value
"My family and I would like to extend our deepest gratitude. Thank you for expeditiously coming to
a favorable agreement regarding our new home on Galaxy. We sincerely appreciate that you took the
time to personally work with Jim, our realtor...this is the best Christmas gift we could have
received!"
- Heather D.
Chandler, AZ
