Press Releases

Date Title and Summary View
Toggle Summary Ocwen Financial President and CEO Glen Messina Appointed as Board Chair
Phyllis Caldwell to Remain on the Board; Kevin Stein to Assume the Role of Lead Independent Director WEST PALM BEACH, Fla., Jan. 23, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that
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Toggle Summary Ocwen Financial Announces Third Quarter 2022 Results
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
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Toggle Summary Ocwen Financial Schedules Conference Call – Third Quarter 2022 Results and Business Update
WEST PALM BEACH, Fla., Oct. 26, 2022 (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, November 3, 2022 at 8:30 a.m.
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Toggle Summary PHH Mortgage Names Industry Veteran Michael Keaton as Senior Vice President of Default Subservicing
30 years of experience in mortgage subservicing and default servicing Newly created sales executive role to drive special servicing growth opportunities WEST PALM BEACH, Fla., Oct. 17, 2022 (GLOBE NEWSWIRE) -- PHH Mortgage Corporation (“PHH” or the “Company”), a subsidiary of Ocwen Financial
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Toggle Summary Ocwen Financial Comments On New Financial Eligibility Requirements Announced by FHFA and Ginnie Mae
WEST PALM BEACH, Fla. , Sept. 09, 2022 (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 minimum financial eligibility requirements for enterprise
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Toggle Summary Ocwen Financial Announces Second Quarter 2022 Results
Net income of $10 million and earnings per share of $1.12; return on equity of 8% Net income includes MSR Fair Value Net gain of $34 million and asset sales loss and other unfavorable mark-to-market adjustments of $15 million Book value per share of $59 as of June 30, 2022, up 22% from June 30,
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Toggle Summary Ocwen Financial Schedules Conference Call – Second Quarter 2022 Results and Business Update
WEST PALM BEACH, Fla., July 25, 2022 (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 4, 2022 at 8:30 a.m.
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Toggle Summary PHH Mortgage Announces Agreement With Federal Home Loan Bank of Indianapolis to Purchase Mortgage Servicing Rights
WEST PALM BEACH, Fla., June 28, 2022 (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, announced today that it has entered into an agreement with Federal Home Loan Bank of
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Toggle Summary Ocwen Board of Directors Authorizes $50 Million Share Repurchase Program
WEST PALM BEACH, Fla., May 23, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that on May 20, 2022, its Board of Directors authorized a share repurchase program for an aggregate amount
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Toggle Summary Ocwen Financial Appoints Sean O'Neil Executive Vice President and Chief Financial Officer
WEST PALM BEACH, Fla., May 18, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced the appointment of Sean O’Neil as Executive Vice President and Chief Financial Officer, effective June 13,
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