Press Releases

Date Title and Summary View
Toggle Summary Ocwen Financial Provides Business Update and Preliminary Second Quarter Results
Preliminary second quarter results demonstrate continued momentum in operating and financial performance Balanced business model, growing originations channels and proven core competency in special servicing position the Company well to deliver profitability and capture growth opportunities WEST
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Toggle Summary Ocwen Financial Announces Operating Results for First Quarter 2020
Reported a Net Loss of $25.5 million and a Pre-tax Loss of $87.3 million for the first quarter of 2020 and ended the quarter with $429.9 million of total stockholders' equity, or a book value per share of $3.32 .  Financial results included $78 million unfavorable impact on pre-tax loss due to
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Toggle Summary Ocwen Financial Announces Strong Results for the Fourth Quarter
Achieved Net Income of $34.9 million for the fourth quarter of 2019 Increasing 2020 volume target for lending and flow channels to $15 - 20 billion reflecting continued strong growth and business momentum across originations platform Expense savings from cost re-engineering initiatives were
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Toggle Summary Ocwen Financial Announces Preliminary Fourth Quarter 2019 Financial and Operating Results
Continued strong execution against key business initiatives resulted in estimated fourth quarter 2019 pre-tax income of $37 million , net income of $35 million , pre-tax earnings excluding income statement notables of approximately $12 million , and total shareholders’ equity of $412 million as of
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Toggle Summary Ocwen Financial Announces Operating Results For Third Quarter 2019
Reported a Net Loss of $42.8 million for the third quarter of 2019 Realized annualized run rate cost savings ahead of our expectations through the third quarter and are targeting a more accelerated pace of cost re-engineering in the fourth quarter   Enhanced lending capabilities resulted in an
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Toggle Summary Ocwen Financial Announces Operating Results for Second Quarter 2019
Reported a Net Loss of $89.7 million which was impacted by significant pre-tax items: $40.7 million of unfavorable interest rate and valuation assumption driven fair value changes and $10.1 million in re-engineering costs for the second quarter of 2019 Completed the final phase of our loan transfer
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Toggle Summary Ocwen Financial Announces Operating Results for First Quarter 2019
Reported a Net Loss of $44 million for the first quarter of 2019 Closed or have been awarded MSRs to date with current UPB of $31 billion On track to complete servicing system conversion to Black Knight MSP ® and the merger of our principal licensed legal entities in the second quarter of 2019
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Toggle Summary Ocwen Financial Announces Operating Results for Fourth Quarter and Full Year 2018
Reported a Net Loss of $(2.3) million for the fourth quarter of 2018 and a Net Loss of $(70.8) million for the full year 2018 Completed the acquisition of PHH Corporation , ended the year with a total servicing portfolio of 1.6 million loans representing unpaid principal balance (“UPB”) of $256
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Toggle Summary Ocwen Financial Announces Operating Results for Third Quarter 2018
Reported a net loss of $41 million , or $0.31 per share Ended the quarter with $255 million of cash Completed acquisition of PHH Corporation for $358 million in cash Glen A. Messina became the President and Chief Executive Officer of Ocwen and a member of its Board of Directors Helped over 9,100
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Toggle Summary Ocwen Financial Announces Operating Results for Second Quarter 2018
Reported a Q2 2018 net loss of $(30) million , a $15 million improvement over Q2 2017 Generated $97 million of Cash Flows from Operating Activities during the quarter Helped over 10,700 struggling families remain in their homes through loan modifications Voluntarily paid-down $50 million of
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