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Ocwen Financial Corporation, also called Ocwen, is a financial services holding company, which through its subsidiaries engages in the servicing and origination of mortgage loans. It operates through the following business segments: Servicing, Lending, and Corporate Items and Other. Read More The Servicing segment engages in residential servicing business, which offers residential and commercial mortgage loan servicing, special servicing and asset management services. The Lending segment involves in the originating and purchasing conventional and government-insured residential forward and reverse mortgage loans mainly through correspondent lending arrangements, broker relationships and directly with mortgage customers. The Corporate Items and Other segment include revenues and expenses that are not directly related to other reportable segment. The company was founded in February 1988 and is headquartered in West Palm Beach, FL.
West Palm Beach, Florida
52 Week High
52 Week Low
Rental and Lease
Seeking AlphaMay 8
BTIG keeps to the sidelines on Ocwen
Though Ocwen Financial (OCN -1.1% ) is making significant progress, its "timeline to profitability remains too far out to become comfortable with the ultimate returns the company will be able to generate once stabilized," writes BTIG analyst Giuliano Bologna in assessing Ocwen's Q1 results.
Yahoo FinanceMay 7
Ocwen: 1Q Earnings Snapshot
WEST PALM BEACH, Fla. (AP) _ Ocwen Financial Corporation (OCN) on Tuesday reported a first-quarter loss of $44.5 million, after reporting a profit in the same period a year earlier. The West Palm Beach, Florida-based company said it had a loss of 33 cents per share. The mortgage servicer posted revenue of $303.9 million in the period. The company's shares closed at $1.73. A year ago, they were trading at $4.69. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using...
Expected Jul 25, Pre-Market