Press Releases

Date Title and Summary View
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 Schedules Conference Call – First Quarter 2020 Results
WEST PALM BEACH, Fla. , May 01, 2020 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”) will hold a conference call on Friday, May 8, 2020 at 8:30 a.m. (ET) to review the Company’s first quarter 2020 operating results.
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Toggle Summary OCWEN FINANCIAL PROVIDES COMPANY UPDATE
Taking Decisive Action to Address COVID-19 Updating 2020 Earnings Guidance due to Evolving Business and Financial Implications of COVID-19 WEST PALM BEACH, Fla. , April 03, 2020 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage
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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 Schedules Conference Call – Fourth Quarter 2019 Results
WEST PALM BEACH, Fla. , Feb. 19, 2020 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”) will hold a conference call on Wednesday, February 26, 2020 at 8:30 a.m. (ET) to review the Company’s fourth quarter 2019 operating results.
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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 Schedules Conference Call – Third Quarter 2019 Results
WEST PALM BEACH, Fla. , Oct. 28, 2019 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”) will hold a conference call on Tuesday, November 5, 2019 at 8:30 a.m. (ET) to review the Company’s third quarter 2019 operating results.
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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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