Servicer's SAM Program Addresses Dual Problem of Higher Defaults Among Underwater Borrowers and Risk of Rewarding Delinquency; Borrowers Have Financial Incentive to Stay Current, Yet Must Share Market Upside With Loan Investors
Ocwen Announces Servicing Advance Recovery Policy Updates on Non-Agency RMBS Bonds ATLANTA, July 14, 2011 -- Ocwen Loan Servicing, LLC ("Ocwen"), a subsidiary of Ocwen Financial Corporation (NYSE:OCN), today announced updates to its servicing advance recovery policies on future servicing
Ocwen Financial Corporation Schedules Conference Call - 2nd Quarter 2011 Results ATLANTA, July 20, 2011 -- Ocwen Financial Corporation (NYSE:OCN) will hold its conference call on Thursday, August 4, 2011 at 11:00 a.m. (ET) to review the Company's operating results.
Ocwen Launches Turnkey Servicing Operation for Buyers of Distressed Mortgages Chairman William Erbey stated that, "In our discussions with hedge funds and other buyers of distressed assets, there was a desire to use Ocwen's proven prowess as a special servicer but retain 'hands-on' control over an
ATLANTA, May 5, 2011 -- Ocwen Financial Corporation ("Ocwen" or the "Company") (NYSE:OCN) today reported net income of $22.1 million or $0.21 per share for the first quarter of 2011. This compares with net income of $20.9 million or $0.20 per share for the first quarter of 2010.
Ocwen Financial Corporation Schedules Conference Call - 1st Quarter 2011 Results ATLANTA, April 20, 2011 -- Ocwen Financial Corporation (NYSE:OCN) will hold its conference call on Thursday, May 5, 2011 at 11:00 a.m. (ET) to review the Company's operating results.
ATLANTA, Feb. 24, 2011 -- Ocwen Financial Corporation ("Ocwen" or the "Company") (NYSE:OCN) today reported net income for the twelve months ended December 31, 2010 of $38.0 million or $0.36 per share, compared with net income of $0.3 million or $0.00 per share in 2009.
Ocwen Financial Corporation Schedules Conference Call - 4th Quarter/Year End 2010 Results WEST PALM BEACH, Fla., Feb. 7, 2011 -- Ocwen Financial Corporation (NYSE:OCN) will hold its conference call on Thursday, February 24, 2011 at 11:00 a.m. (ET) to review the Company's operating results.
Ocwen Financial Corporation Announces Pricing of Public Offering of Common Stock ATLANTA, Nov. 10, 2011 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation ("Ocwen" or the "Company") (NYSE: OCN - News ) today announced that its public offering of 25 million shares of common stock was priced at $13.00
WEST PALM BEACH, Fla., Nov. 4, 2010 -- Ocwen Financial Corporation ("Ocwen" or the "Company") (NYSE:OCN) today reported a net loss of $8.8 million for the third quarter of 2010 compared to a net loss of $42.0 million for the third quarter of 2009.
"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
