News
OCN
24.23
-3.96%
-1.00
UPDATE 1-Weak GDP, strong prices, highlight Fed dilemma
U.S. Economic growth in the first quarter fell below the Federal Reserve's estimates of the economy's long-run potential. But prices have remained sticky, rising at a 3.4% annual rate versus the Fed's 2% target. Weak GDP, strong prices, highlight Fed dilemma for the central bank.
Reuters · 5h ago
Ocwen Financial Schedules Conference Call – First Quarter 2024 Results and Business Update
Ocwen Financial Corporation will hold a conference call on May 2, 2024 to review the Company’s first quarter 2024 operating results and provide a business update. Ocwen is a leading non-bank mortgage servicer and originator. The conference call will be held on Thursday, May 2.
Barchart · 1d ago
Can Ocwen (OCN) Keep the Earnings Surprise Streak Alive?
NASDAQ · 3d ago
Weekly Report: what happened at OCN last week (0415-0419)?
Weekly Report · 3d ago
TREASURIES-Treasury selloff pauses, though rate cut expectations recede
Treasury selloff pauses, though rate cut expectations recede. Benchmark 10-year Treasury yields hit their highest levels since November. The selloff has come as the Federal Reserve re-evaluates interest rate cuts. The Fed released its latest survey of economic conditions on Wednesday. The yield on two-year U.S. Treasuries was down on the day.
Reuters · 04/17 19:35
Weekly Report: what happened at OCN last week (0408-0412)?
Weekly Report · 04/15 09:13
UPDATE 1-Fed looks to slice balance sheet runoff pace by half
Federal Reserve looks to slice balance sheet runoff pace by half, minutes of March meeting show. The Fed is currently allowing up to $60 billion per month in Treasury bonds to mature. The minutes of the Fed's latest meeting say officials want to slow the pace by roughly half. The move would help the Fed shrink its balance sheet and reduce the risk of market trouble.
Reuters · 04/10 20:14
Ocwen Is Maintained at Market Perform by Keefe, Bruyette & Woods
Dow Jones · 04/09 14:51
Ocwen Price Target Cut to $28.00/Share From $30.00 by Keefe, Bruyette & Woods
Dow Jones · 04/09 14:51
Keefe, Bruyette & Woods Maintains Market Perform on Ocwen Financial, Lowers Price Target to $28
Benzinga · 04/09 14:40
OCWEN FINANCIAL CORP <OCN.N>: KBW CUTS TARGET PRICE TO $28 FROM $30
Reuters · 04/09 06:53
Weekly Report: what happened at OCN last week (0401-0405)?
Weekly Report · 04/08 09:14
Ocwen Financial plans to change name to Onity Group
Ocwen Financial plans to change name to Onity Group Inc. The company expects to start trading on the New York Stock Exchange under the stock ticker "ONIT" in June 2024. Ocwen expected to start rebranding its main brands later this year.
Seeking Alpha · 04/03 20:28
OCWEN FINANCIAL CORP - WILL SUBMIT A PROPOSAL TO EFFECT NAME CHANGE AT ITS ANNUAL MEETING OF SHAREHOLDERS SCHEDULED FOR MAY 28, 2024
Reuters · 04/03 20:15
OCWEN FINANCIAL CORP - EXPECTS TO FORMALLY CHANGE ITS NAME TO ONITY GROUP INC. AND BEGIN TRADING ON NYSE UNDER STOCK SYMBOL "ONIT" IN JUNE 2024
Reuters · 04/03 20:15
Press Release: Ocwen Financial Announces Intention to Rebrand as Onity(TM) Group
Ocwen Financial Announces Intention to Rebrand as Onity(TM) Group Name change proposal to be submitted for approval at upcoming Annual Meeting of Shareholders New name embodies the Company's transformation into a balanced and diversified mortgage company. Ocwen subsidiary PHH Mortgage expected to rebrand to Onity Mortgage later this year.
Dow Jones · 04/03 20:15
Ocwen Financial Announces Intention to Rebrand as Onity™ Group
Barchart · 04/03 15:15
Ocwen Financial Expands Board, Welcomes New Director Merkle
Ocwen Financial Corp. (OCN) has appointed Claudia J. Merkle as a new independent director. The company's Board of Directors will expand to eight members effective April 1, 2024. OCN stock is down 6% in the last week. The stock has been hit by a series of bad news for the company.
TipRanks · 04/02 11:02
OCWEN FINANCIAL CORPORATION ANNOUNCES APPOINTMENT OF CLAUDIA MERKLE TO BOARD OF DIRECTORS
Reuters · 04/02 10:45
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About OCN
Ocwen Financial Corporation is a financial services company, which provides services and originates both forward and reverse mortgage loans, through its brands, PHH Mortgage and Liberty Reverse Mortgage. The Company operates through three segments: Servicing, Originations, and Corporate Items and Other. Its Servicing segment is comprised of two components, its owned MSRs and its subservicing portfolio. The segment invests its capital to fund purchases and originations of its owned mortgage servicing rights (MSRs) and servicing advances. Its Originations segment purchases MSRs through bulk portfolio purchases, through flow purchase agreements with its network of mortgage companies and financial institutions, and through participation in the Agency Cash Window (or Co-Issue) programs. Its Corporate Items and Other segment include revenues and expenses of corporate support services, inactive entities, and its other business activities that are individually insignificant.