Press Releases

Date Title and Summary View
Toggle Summary Ocwen Financial Announces Conditional Redemption of 6.375% Senior Notes Due 2021 and 8.375% Senior Secured Second Lien Notes Due 2022
WEST PALM BEACH, Fla. , Feb. 02, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that its subsidiary PHH Corporation (“PHH”) has given notice of its intention to redeem on March 4, 2021
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Toggle Summary Ocwen Financial Comments on Conclusion of Mediation With the Consumer Financial Protection Bureau
WEST PALM BEACH, Fla. , Jan. 06, 2021 (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 the mediator’s notice that the Company’s court-ordered mediation
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Toggle Summary Ocwen Financial Accelerates Growth Trajectory With Strategic Relationship With Oaktree and New Servicing Contracts
Enters into definitive agreement with Oaktree to launch MSR investment vehicle; expected to add approximately $50 to $60 billion of subservicing Oaktree may purchase up to 7.9% of newly issued Ocwen stock at closing Awarded new contracts projected to add $30 to $40 billion in servicing WEST PALM
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Toggle Summary PHH Mortgage Launches New Customer Mobile App
Enhancement to Servicing Platform Delivers Convenience and Insight for Customers WEST PALM BEACH, Fla. , Dec. 03, 2020 (GLOBE NEWSWIRE) -- PHH Mortgage Corporation , a subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading non-bank mortgage servicer and originator, announced that it
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Toggle Summary Ocwen Financial Corporation Comments on Settlement With State of Florida Office of the Attorney General and Office of Financial Regulation
WEST PALM BEACH, Fla. , Oct. 15, 2020 (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 conjunction with the resolution of the lawsuit filed in 2017 against the Company
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Toggle Summary Ocwen Financial Delivers Strong Originations Results in July and August
$2.5 billion in originations volume in August, nearly double June volume Continued momentum in operating and financial performance WEST PALM BEACH, Fla. , Sept. 15, 2020 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and
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Toggle Summary Ocwen Financial Announces Reverse Stock Split
WEST PALM BEACH, Fla. , Aug. 03, 2020 (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 Directors approved a reverse stock split of authorized and outstanding shares of the
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Toggle Summary PHH Mortgage Expands Partnership With the NAACP to Help COVID-19 Impacted Homeowners Through Virtual Borrower Outreach Series
WEST PALM BEACH, Fla. , July 23, 2020 (GLOBE NEWSWIRE) -- PHH Mortgage , a subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading non-bank mortgage servicer and originator, announced an expanded partnership with the NAACP to host more than 30 regional virtual borrower outreach events
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Toggle Summary Ocwen Financial Responds to Notice of Non-Compliance with NYSE Trading Share Price Continued Listing Standard Rule
WEST PALM BEACH, Fla. , April 13, 2020 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that the New York Stock Exchange (“NYSE”) has notified the Company that the average per share trading
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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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