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Ocwen Financial Announces Operating Results for First Quarter 2013
May 2, 2013
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- Earnings Per Share Increases in Excess of 100% to $0.31 Per Share -- Revenue Grows 147% to Record $406.7 Million -
ATLANTA, May 2, 2013 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation, (NYSE:OCN), a leading financial services holding company, today reported Net income of $45.1 million, or $0.31 per share, for the first quarter of 2013 compare...
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Ocwen Hosts Housing Advocates, Regulators and Government Agencies to Discuss Homeownership in the Evolving Housing Market
Apr 30, 2013
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WASHINGTON, April 30, 2013 (GLOBE NEWSWIRE) -- Representatives from national and community-based housing advocacy groups, the mortgage industry and government and non-government agencies convened last week to identify and address new issues facing homeowners in the shifting housing market. "The Evolving Housing Market: Serving Homeowners in the New...
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Ocwen Financial Corporation Schedules Conference Call -- 1st Quarter 2013 Results
Apr 23, 2013
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ATLANTA, April 23, 2013 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) will hold its conference call on Thursday, May 2, 2013 at 11:00 a.m. (ET) to review the Company's operating results. These events will follow Ocwen's 1st Quarter 2013 earnings release. The press release will also be available on the Ocwen Financial Corporation Shareh...
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Ocwen Financial Corporation Purchases Liberty Home Equity Solutions
Apr 3, 2013
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ATLANTA, April 3, 2013 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen"), a leading financial services holding company, announced today that it has completed the purchase of Liberty Home Equity Solutions ("Liberty") from Genworth Financial (NYSE:GNW). Liberty will continue to offer reverse mortgages through direct, wholesale and ...
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Wilbur Ross Appointed to Ocwen Financial Corp Board of Directors
Mar 13, 2013
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ATLANTA, March 13, 2013 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen"), a leading financial services holding company, announced today that Wilbur L. Ross, Jr., Chairman and Chief Executive Officer of WL Ross & Co. LLC, has been appointed to Ocwen's Board of Directors. Mr. Ross had been serving as an Ocwen Board Observer since ...
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Ocwen Financial Announces Operating Results for Fourth Quarter and Full Year 2012
Feb 28, 2013
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-Significantly Increases Earnings to $0.47 Per Share in the Fourth Quarter --Revenue Grows 70% to Record $845 Million in 2012 --Full Year 2012 Earnings Per Share Rise 85% From Prior Year -
ATLANTA, Feb. 28, 2013 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation, (NYSE:OCN), a leading financial services holding company, today reported Net income o...
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Ocwen Financial Corporation Schedules Conference Call - 4th Quarter / Year End 2012 Results
Feb 8, 2013
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ATLANTA, Feb. 8, 2013 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) will hold its conference call on Thursday, February 28, 2013 at 11:00 a.m. (ET) to review the Company's operating results. These events will follow Ocwen's 4th Quarter 2012 earnings release. The press release will also be available on the Ocwen Financial Corporation Sh...
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Ocwen Loan Servicing, LLC and Walter Investment Management Corp. Receive U.S. Bankruptcy Court Approval to Complete Purchase of Residential Capital, LLC Mortgage Servicing and Origination Businesses
Nov 21, 2012
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NEW YORK, Nov. 21, 2012 (GLOBE NEWSWIRE) -- Ocwen Loan Servicing, LLC, the mortgage servicing arm of Ocwen Financial Corporation (NYSE:OCN), and its joint bidding partner Walter Investment Management Corp. (NYSE MKT:WAC), today received approval from the U.S. Bankruptcy Court for the Southern District of New York to complete their purchase of the m...
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Ocwen Reports Third Quarter 2012 EPS of $0.37 Per Share, Revenue of $232.7 Million and Net Income of $51.4 Million
Nov 1, 2012
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ATLANTA, Nov. 1, 2012 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation ("Ocwen" or the "Company") (NYSE:OCN) today reported net income of $51.4 million, or $0.37 per share, for the third quarter of 2012. This compares with net income of $20.2 million, or $0.19 per share, for the third quarter of 2011. Revenue for the third quarter of 2012 is a recor...
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Ocwen Loan Servicing, LLC and Walter Investment Management Corp. Awarded Winning Bid for ResCap's Mortgage Servicing and Origination Platform
Oct 24, 2012
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NEW YORK, Oct. 24, 2012 (GLOBE NEWSWIRE) -- Ocwen Loan Servicing, LLC, the mortgage servicing arm of Ocwen Financial Corporation (NYSE:OCN), and Walter Investment Management Corp. (NYSE MKT:WAC) today were jointly awarded the highest and best bid for the mortgage servicing and origination platform assets of Residential Capital, LLC (ResCap) in a Ba...
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ESOP, Leading Foreclosure Prevention and Housing Advocacy Agency, Honors Ocwen CEO
Oct 19, 2012
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WEST PALM BEACH, Fla., Oct. 19, 2012 (GLOBE NEWSWIRE) -- Ronald M. Faris, President and CEO of mortgage servicer Ocwen Financial Corporation (NYSE:OCN)was honored by ESOP (Empowering and Strengthening Ohio's People) at the foreclosure prevention agency's annual gala yesterday.
In presenting Mr. Faris with the "Rooted in ESOP" award, the organiz...
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Ocwen Financial Corporation Schedules Conference Call - 3rd Quarter 2012 Results
Oct 10, 2012
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ATLANTA, Oct. 10, 2012 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) will hold its conference call on Thursday, November 1, 2012 at 11:00 a.m. (ET) to review the Company's operating results. These events will follow Ocwen's 3rd Quarter 2012 earnings release. The press release will also be available on the Ocwen Financial Corporation Sh...
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Ocwen Announces Acquisition of Homeward Residential From WL Ross & Co.
Oct 3, 2012
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ATLANTA, Oct. 3, 2012 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) and private equity firm WL Ross & Co. LLC entered into an agreement today whereby Ocwen will acquire Homeward Residential Holdings, Inc., including its various residential mortgage loan servicing and origination operating subsidiaries, for approximately $588 million in...
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Public Policy, Consumer Relations and Mortgage Finance Expert Joins Ocwen Financial Corporation
Aug 16, 2012
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WASHINGTON, Aug. 16, 2012 (GLOBE NEWSWIRE) -- Jill A. Showell has joined mortgage servicer Ocwen Financial Corporation (NYSE:OCN) as Senior Vice President for Government and Community Relations.
Ms. Showell is a leader in the mortgage finance industry with over 25 years experience in public policy, government relations and consumer outreach. Sh...
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Ocwen Reports Second Quarter 2012 EPS of $0.32 Per Share, Revenue of $211.4 Million and Net Income of $44.8 Million
Aug 2, 2012
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ATLANTA, Aug. 2, 2012 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation ("Ocwen" or the "Company") (NYSE:OCN) today reported Net income of $44.8 million, or $0.32 per share, for the second quarter of 2012. This compares with Net income of $26.4 million, or $0.25 per share, for the second quarter of 2011. Revenue for the second quarter of 2012 was a r...
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Ocwen Financial Corporation Schedules Conference Call - 2nd Quarter 2012 Results
Jul 13, 2012
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ATLANTA, July 13, 2012 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) will hold its conference call on Thursday, August 2, 2012 at 11:00 a.m. (ET) to review the Company's operating results. These events will follow Ocwen's 2nd Quarter 2012 earnings release. The press release will also be available on the Ocwen Financial Corporation Shar...
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Ocwen Financial Corporation Completes Acquisition of Commercial Servicing Assets of Aurora Bank
Jun 5, 2012
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ATLANTA, June 5, 2012 (GLOBE NEWSWIRE) -- On May 31, 2012, Ocwen Financial Corporation (NYSE:OCN) completed its acquisition of Aurora Bank FSB's commercial servicing rights portfolio, consisting of 3,316 loans with a total principal balance of approximately $1.8 billion.
With the closing of this transaction, Ocwen continues the development of i...
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Ocwen Reports First Quarter 2012 EPS of $0.14 Per Share, Revenue of $164.5 Million and Net Income of $19.3 Million
May 3, 2012
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ATLANTA, May 3, 2012 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation ("Ocwen" or the "Company") (NYSE:OCN) today reported Net income of $19.3 million, or $0.14 per share, for the first quarter of 2012. This compares with Net income of $22.1 million, or $0.21 per share, for the first quarter of 2011. In the first quarter of 2012, Ocwen incurred $16....
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Ocwen Financial Corporation Schedules Conference Call 1st Quarter 2012 Results
Apr 18, 2012
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Atlanta, GA (April 18, 2012) - Ocwen Financial Corporation (NYSE:OCN) will hold its conference call on Thursday, May 3, 2012 at 11:00 a.m. (ET) to review the Company's operating results. These events will follow Ocwen's 1st Quarter 2012 earnings release. The press release will also be available on the Ocwen Financial Corporation Share...
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Ocwen Financial Corporation Announces Redemption of 3.25% Contingent Convertible Senior Unsecured Notes Due 2024
Mar 15, 2012
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ATLANTA, March 15, 2012 (GLOBE NEWSWIRE) -- On February 27, 2012, Ocwen Financial Corporation ("Ocwen") (NYSE:OCN) announced that it had given notice of its intention to redeem all of the outstanding 3.25% Contingent Convertible Senior Unsecured Notes due 2024 (the "2024 Convertible Notes") on March 28, 2012. As of December 31, 2011, there was $56,...
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