Last $27.12 USD
Change Today -0.47 / -1.70%
Volume 1.9M
OCN On Other Exchanges
New York
As of 8:04 PM 09/23/14 All times are local (Market data is delayed by at least 15 minutes).

ocwen financial corp (OCN) Snapshot

Previous Close
Day High
Day Low
52 Week High
10/28/13 - $60.18
52 Week Low
08/12/14 - $24.87
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for OCWEN FINANCIAL CORP (OCN)

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ocwen financial corp (OCN) Details

Ocwen Financial Corporation, through its subsidiaries, is engaged in the servicing and origination of mortgage loans in the United States and internationally. The company’s Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset management services to owners of mortgage loans and foreclosed real estate. This segments residential servicing portfolio includes conventional; government insured; and non-agency loans, such as subprime loans. Ocwen Financial Corporation’s Lending segment is involved in originating and purchasing conventional and government insured residential forward, and reverse mortgage loans primarily through its correspondent lending arrangements, as well as offers direct lending services. The company was founded in 1988 and is headquartered in Atlanta, Georgia.

10,100 Employees
Last Reported Date: 08/18/14
Founded in 1988

ocwen financial corp (OCN) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $540.0K
Executive Chairman and Chairman of Executive ...
Total Annual Compensation: $725.0K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $393.9K
Executive Vice President, General Counsel and...
Total Annual Compensation: $242.3K
Senior Vice President of International Tax Pl...
Total Annual Compensation: $166.7K
Compensation as of Fiscal Year 2013.

ocwen financial corp (OCN) Key Developments

Robbins Geller Rudman & Dowd LLP Files Class Action Suit against Ocwen Financial Corporation

Robbins Geller Rudman & Dowd LLP announced that a class action has been commenced in the United States District Court for the District of the U.S. Virgin Islands on behalf of purchasers of Ocwen Financial Corporation common stock during the period between October 3, 2012 and August 11, 2014 (the Class Period). The complaint charges Ocwen and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Ocwen, through its subsidiaries, is engaged in the acquisition, servicing and resolution of sub-performing and non-performing residential and commercial mortgage loans in the United States and internationally. The complaint alleges that during the class period, defendants issued materially false and misleading statements or omitted adverse facts about the company's true financial condition and business prospects by failing to disclose, among other things, that: (a) the company was experiencing difficulties integrating the large mortgage servicing rights portfolios it had been acquiring, which was causing the company to experience higher operating expenses from the complexities of running multiple mortgage servicing platforms; (b) Ocwen lacked sufficient internal controls related to document execution and general borrower account management and had inadequate staffing related to customer service; (c) due to certain of Ocwen's senior officers' and/or directors' conflicting financial interests in Ocwen affiliates, Ocwen was taking actions adverse to borrowers in order to keep directing revenues to those affiliated companies, which was exposing Ocwen to billions of dollars in potential regulatory and civil liability; and (d) one such affiliate, Altisource Portfolio Solutions, S.A. (Altisource) had been charging exorbitant fees to Ocwen in order to funnel as much as $65 million in questionable fees to itself. As a result of defendants' materially false and misleading statements and omissions, Ocwen shares traded at artificially inflated prices during the class period, reaching a high of more than $60 per share in intraday trading on October 28, 2013.

Pomerantz LLP Law Firm Announces the Filing of Class Action Against Ocwen Financial Corporation

Pomerantz LLP filed a class action lawsuit against Ocwen Financial Corporation and certain of its officers. The class action, filed in United States District Court, Southern District of Florida, West Palm Division, and docketed under 14-cv-81064, is on behalf of a class consisting of all persons or entities who purchased Ocwen securities between May 2, 2013 and August 11, 2014, inclusive. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

Ocwen Financial Corp. Presents at Barclays 2014 Global Financial Services Conference, Sep-10-2014 07:30 AM

Ocwen Financial Corp. Presents at Barclays 2014 Global Financial Services Conference, Sep-10-2014 07:30 AM. Venue: Hilton Midtown, 1335 Avenue of the Americas, New York, New York, United States. Speakers: Michael R. Bourque, Chief Financial Officer and Executive Vice President.


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Valuation OCN Industry Range
Price/Earnings 12.2x
Price/Sales 1.7x
Price/Book 2.0x
Price/Cash Flow 5.9x
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