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
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
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.
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
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
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
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
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
Reported Q1 2018 net income of $3 million , a $35 million improvement over Q1 2017 Generated $99 million of Cash Flows from Operating Activities Helped almost 11,600 struggling families remain in their homes through loan modifications that included $59 million of debt forgiveness Amended our NRZ
WEST PALM BEACH, Fla. , April 25, 2018 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) will hold a conference call on Wednesday, May 2, 2018 at 8:30 a.m. (ET) to review the Company’s 1 st Quarter 2018 operating results. These events will follow Ocwen’s 1 st Quarter 2018 earnings
"My family and I would like to extend our deepest gratitude. Thank you for expeditiously coming to
a favorable agreement regarding our new home on Galaxy. We sincerely appreciate that you took the
time to personally work with Jim, our realtor...this is the best Christmas gift we could have
received!"
- Heather D.
Chandler, AZ
