BNET Industries
Ocwen Financial Corp. (OCN) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $480.6M
- Profit
- Dec 31 2007
- $38.5M
- Market Cap
- Oct 06 2008
- $3.0M
Latest News and Analysis
Two Goldman Sachs Customers Sue Firm Over ARS
NEW YORK (Reuters) - Two customers of Goldman Sachs Group Inc GS sued the Wall Street firm on Thursday, claiming it convinced them to keep buying risky auction rate securities when it knew the market was collapsing.The lawsuit filed in U.S. District Court in Manhattan said that between July 2006...
Ocwen Financial Corp. Q2 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions The first question comes from Rick Shane of Jefferies & Co. Your line is open. Rick Shane – Jefferies & Co. Thanks, guys. I appreciate all the discussion on the liquidity and funding side. But I have to admit I get a little bit...
Ocwen Financial Corp. Q1 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Our first question comes from Bob Napoli. You may ask your question. Please state your company name. Bob Napoli - Piper Jaffray Piper Jaffray. And good morning and congratulations. I think it looks like a lot of questions, but the numbers look pretty good to...
Ocwen Financial Corporation Q4 2007 Earnings Call Transcript
Earnings Call ExcerptOcwen Financial Corporation OCN Q4 2007 Earnings Call February 12, 2008 11:00 am ET Executives David Gunter - Senior VP, CFO and Treasurer Bill Erbey - Chairman and CEO Ron Faris - President Bill Shepro - Senior Vice President of Ocwen Recovery Group Presentation Operator Welcome...
Additional Resources
Imperial Finance & Trading, LLC Hires Director of Servicing
BOCA RATON, Fla. -- Imperial Finance and Trading, LLC, a leader in premium finance for life insurance, life insurance sales and structured settlements, is pleased to announce the addition of Fausta Lipscomb as Director of Servicing. Lipscomb joins Imperial from Office Depot ODP where she held the position...
Zacks Analyst Blog Highlights: Curtiss-Wright Corp., H. J. Heinz Co., Newmont Mining Corp., Ocwen Financial Corp. and Mylan, Inc
CHICAGO -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Curtiss-Wright Corp. (NYSE: CW), H. J. Heinz Co. (NYSE: HNZ), Newmont...
Amend: Fitch Assessing Effect of Ocwen Interest Shortfalls on U.S. RMBS
NEW YORK -- (This amends a press release issued earlier today and clarifies information in the second paragraph. Ocwen was not the party that reported the loan modification activity as interest shortfalls.) Last month's interest shortfalls on certain Subprime transactions serviced by Ocwen Financial Corp....
Ocwen Financial Corporation Selects BasePoint FraudMark™ Score to Stop Mortgage Fraud
Leverages Predictive Analytics to Effectively Pinpoint Risky Loans for Due Diligence on Loan Pools CARLSBAD, Calif. -- BasePoint Analytics[TM], a leading provider of scientific fraud analytics and consulting services, today announced Ocwen Financial Corporation (NYSE: OCN) has selected BasePoint's FraudMark[TM] solution to enhance its fraud and risk management...
BSY, CUK, MED, NFP, OCN, BZP Have Been Removed From Naked Short List Today.
M2 PRESSWIRE-3 April 2008-BUYINS.NET: BSY, CUK, MED, NFP, OCN, BZP Have Been Removed From Naked Short List TodayC1994-2008 M2 COMMUNICATIONS LTD RDATE:03042008 BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE...
MED, MEG, MGS, OCN, PRM, TNH Have Also Been Added To Naked Short List Today.
M2 PRESSWIRE-26 March 2008-BUYINS.NET: MED, MEG, MGS, OCN, PRM, TNH Have Also Been Added To Naked Short List TodayC1994-2008 M2 COMMUNICATIONS LTD RDATE:26032008 BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and...
Fitch Revises Ocwen Financial Corp.'s Rating Watch to Negative
NEW YORK -- Fitch Ratings has revised the following Ocwen Financial Corp.'s OCN ratings to Rating Watch Negative from Evolving: --Long-term IDR 'B+'; --Short-term IDR 'B'. Fitch's rating action follows the company's announcement that it was unable to reach an agreement on a proposal...
Emerging Markets Consulting, LLC. : Emerging Equity Alerts.
M2 PRESSWIRE-16 January 2008-Emerging Markets Consulting, LLC.: Emerging Markets Consulting, LLC. : Emerging Equity AlertsC1994-2008 M2 COMMUNICATIONS LTD RDATE:16012008 Orlando, FL -- Stocks gaining traction in yesterday's trading were Ocwen Financial Corporation, (NYSE: OCN), SumTotal Systems, Inc., (NASDAQ:...
Fitch Places Ocwen IDRs on Rating Watch Evolving Following Buyout Proposal
NEW YORK -- Fitch Ratings has placed Ocwen Financial Corp.'s OCN Long-term Issuer Default Rating IDR on Rating Watch Evolving signifying that Fitch may upgrade, downgrade or affirm OCN's ratings once additional information has been gathered. Ratings placed on Watch Evolving: --Long-term IDR 'B+'; ...
Hot Stock to Watch Watch: CSKH! January 15, 2008.
M2 PRESSWIRE-15 January 2008-Wall Street News Alert: Hot Stock to Watch Watch: CSKH! January 15, 2008C1994-2008 M2 COMMUNICATIONS LTD RDATE:15012008 Weston, FLA.-- Wall Street News Alert's "stocks to watch" this morning are: Clear Skies Holdings Incorporated (OTCBB: CSKH), LIFECORE...
Ocwen Financial Corporation under Progressive Review.
M2 PRESSWIRE-15 January 2008-Market Review: Ocwen Financial Corporation under Progressive ReviewC1994-2008 M2 COMMUNICATIONS LTD RDATE:15012008 Early morning trading saw stocks rally on Monday following positive results coming forward from IBM in hopes of encouraging investors to buy back into...
Top-performing stocks (by diluted earnings per share).(Top Rank Florida[TM])
Top-Performing Stocks by diluted earnings per share Rank 2007 Company City Website ...
Fitch Takes Various Rating Actions on 1 Renaissance Subprime Transaction
NEW YORK -- Fitch Ratings has taken the following rating actions on the Renaissance Home Equity Loan Trust HELT issue listed below: Renaissance HELT 2002-2 --Class A affirmed at 'AAA'; --Class M1 affirmed at 'AA'; --Class M2 downgraded to...
Fitch Affirms Ocwen's Residential Servicer Ratings
NEW YORK -- Fitch Ratings has affirmed Ocwen Financial Corporation's Ocwen servicer ratings as follows: --Residential primary servicer rating for subprime product at 'RPS2'; --Residential special servicer rating at 'RSS2'. The ratings are based on Ocwen's experienced management, solid loan administration...
Mavent Senior Legal Counsel to Discuss Compliance Technology at MBA's Legal Issues in Mortgage Technology Conference 2007
Lynette Hotchkiss addresses ways for lenders and investors to manage risks and meet new regulatory requirements via technology What: During the past year, pressure has been mounting over lenders in the form of increased requirements imposed by more than 4,600 newly introduced federal and state...
Fitch Takes Various Rtg Actions on 2 Delta Funding Corp. Transactions
NEW YORK -- Fitch Ratings has taken rating actions on the following Delta Funding Corporation home equity issues: Delta 2001-2 --Class M-1 affirmed at 'AAA'; --Class M-2 affirmed at 'BBB+'; --Class B downgraded to 'B' from 'BB-'. ...
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- Incorporated: 1988
- CEO: Mr. William C. Erbey
Ocwen Financial is a business process outsourcing provider with operations in Florida, California, Florida, Georgia, Illinois and New York as well as global operations in Canada, Germany and India. Through its Residential Servicing segment, Co. provides loan servicing for a fee, including asset management and resolution services, to owners of subprime residential mortgage loans. Through its Ocwen Recovery Group segment, Co. generates fees by providing collection services for owners of delinquent and charged-off receivables. Co.'s Residential Origination Services segment consists of two components: fee-based loan processing services, and trading and investing activities.
Key Competitors
Ocwen Financial Corp. Company Info
Board of Directors
Mr. William C. Erbey
Chairman
Mr. Barry N. Wish
Chairman Emeritus
Mr. Ronald M. Faris
Ms. Martha Clark Goss
Mr. William H. Lacy
Mr. Ronald J. Korn
Contact Information
1675 Palm Beach Lakes Boulevard
West Palm Beach, FL
561 682 8000
NAICS Code
Real Estate Credit: 522292Brought to you by IBM
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