OCN - Earnings announcements

Net income of $30 million and diluted earnings per share of $3.74; annualized return on equity of 29%Adjusted pre-tax income of $14 million, driven by servicing segment; achieved 13.8% annualized adjusted pre-tax return on equityRepurchased $47 million in PHH senior secured notes below par$23 billion in total servicing additions ($19 billion in subservicing additions)Moody's Ratings upgraded corporate family rating to B3 in April 2024 WEST PALM BEACH, Fla., May 02, 2024 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced its first quarter 2024 results and provided a business update.

WEST PALM BEACH, Fla., April 24, 2024 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Thursday, May 2, 2024 at 8:30 a.m. (ET) to review the Company's first quarter 2024 operating results and provide a business update. All interested parties are welcome to participate. You can access the conference call by dialing (800) 343-4849 or (203) 518-9848 approximately 10 minutes prior to the call; please reference the conference ID "Ocwen." Participants can also access the conference call through a live audio webcast available from the Shareholder Relat

Net loss of $64 million for 2023, driven by $89 million reduction in unrealized MSR value change due to rates and assumptions, net of hedgeAdjusted pre-tax income of $49 million for 2023, driven by strong servicing performanceAchieved GAAP operating expense reduction over $120 million, or 23%, compared to 2022Total liquidity of $242 million as of December 31, 2023, an increase of 10% over December 31, 2022 WEST PALM BEACH, Fla., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced its full year and fourth quarter 2023 results and provided a busin

WEST PALM BEACH, Fla., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Tuesday, February 27, 2024 at 8:30 a.m. (ET) to review the Company's fourth quarter and full year 2023 operating results. All interested parties are welcome to participate. You can access the conference call by dialing (888) 886-7786 or (416) 764-8658 approximately 10 minutes prior to the call. Participants can also access the conference call through a live audio webcast available from the Shareholder Relations page at www.ocwen.com under Events and Presentatio

Net income of $8 million and earnings per share of $1.10; annualized return on equity of 8%Adjusted pre-tax income of $10 million, driven by servicing segment; achieved 9% annualized adjusted pre-tax return on equityTotal servicing UPB of $296 billion and total subservicing UPB of $167 billion, up 2% and 6%, respectively, compared to Q2'23Repurchased $14 million in PHH senior secured notes below par WEST PALM BEACH, Fla., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced its third quarter 2023 results and provided a business update.

WEST PALM BEACH, Fla., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Tuesday, November 7, 2023 at 8:30 a.m. (ET) to review the Company's third quarter 2023 operating results and provide a business update. All interested parties are welcome to participate. You can access the conference call by dialing (888) 886-7786 or (416) 764-8658 approximately 10 minutes prior to the call. Participants can also access the conference call through a live audio webcast available from the Shareholder Relations page at www.ocwen.com under Events a

Net income of $15 million, an improvement of $56 million from Q1'23Adjusted pre-tax income of $23 million, up $17 million over Q1'23Total liquidity of $233 million as of June 30, 2023, an increase of 6% over December 31, 2022Favorable ruling in legacy CFPB matter stands; case remains closed WEST PALM BEACH, Fla., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced its second quarter 2023 results and provided a business update. The Company reported GAAP net income of $15 million for the second quarter, an improvement of $56 million compared to the first quarter of 2023. Ne

WEST PALM BEACH, Fla., July 27, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Thursday, August 3, 2023 at 8:30 a.m. (ET) to review the Company's second quarter 2023 operating results and provide a business update. All interested parties are welcome to participate. You can access the conference call by dialing (800) 830-9649 or (213) 992-4624 approximately 10 minutes prior to the call. Participants can also access the conference call through a live audio webcast available from the Shareholder Relations page at www.ocwen.com under Events a

Net loss of $40 million, driven by a $39 million reduction in unrealized MSR fair value due to lower interest ratesAdjusted pre-tax income of $6 million, driven by strong servicing performanceAchieved an annualized cost reduction of more than $100 million versus Q2'22 baselineTotal liquidity of $233 million as of March 31, 2023, an increase of 7% over December 31, 2022 WEST PALM BEACH, Fla., May 04, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced its first quarter 2023 results and provided a business update.   The Company reported GAAP net loss of $40 million for the first qua

WEST PALM BEACH, Fla., April 26, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Thursday, May 4, 2023 at 8:30 a.m. (ET) to review the Company's first quarter 2023 operating results and provide a business update. All interested parties are welcome to participate. You can access the conference call by dialing (855) 327-6837 or (631) 891-4304 approximately 10 minutes prior to the call. Participants can also access the conference call through a live audio webcast available from the Shareholder Relations page at www.ocwen.com under Events and

Net income of $26 million and EPS of $2.97 for 2022, up 42% and 49% respectively from 2021Book value per share of $61, up 17% from year-end 2021Net loss of $80 million in the quarter, including $75 million of income statement notablesAchieved an annualized cost reduction of $100 million versus Q2'22Total liquidity of $219 million as of December 31, 2022, an increase of 13% over December 31, 2021 WEST PALM BEACH, Fla., Feb. 28, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced its full year and fourth quarter 2022 results. The Company reported GAAP net loss of $80 million

WEST PALM BEACH, Fla., Feb. 17, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Tuesday, February 28, 2023 at 8:30 a.m. (ET) to review the Company's fourth quarter and full-year 2022 operating results. All interested parties are welcome to participate. You can access the conference call by dialing (877) 407-0792 or (201) 689-8263 approximately 10 minutes prior to the call. Participants can also access the conference call through a live audio webcast available from the Shareholder Relations page at www.ocwen.com under Events and Presentatio

Net income of $37 million and earnings per share of $4.33; annualized return on GAAP book equity of 27%Net income includes MSR Fair Value Net gain of $53 millionBook Value Per Share of $69, up $14 from year-end 2021Repurchased $48 million of stock since launch of program as of October 31Total liquidity of $255 million as of September 30, 2022, an increase of $62 million over December 31, 2021 WEST PALM BEACH, Fla., Nov. 03, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced its third quarter 2022 results and provided a business update. The Company also announced an agreement with

WEST PALM BEACH, Fla., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Thursday, November 3, 2022 at 8:30 a.m. (ET) to review the Company's third quarter 2022 operating results and provide a business update. All interested parties are welcome to participate. You can access the conference call by dialing (800) 458-4121 or (646) 828-8193 approximately 10 minutes prior to the call. Participants can also access the conference call through a live audio webcast available from the Shareholder Relations page at www.ocwen.com under Events

Net income of $10 million and earnings per share of $1.12; return on equity of 8%Net income includes MSR Fair Value Net gain of $34 million and asset sales loss and other unfavorable mark-to-market adjustments of $15 millionBook value per share of $59 as of June 30, 2022, up 22% from June 30, 2021Purchased $25 million in PHH bonds below par; repurchased $17 million of stock as of July 31Total liquidity of $266 million WEST PALM BEACH, Fla., Aug. 04, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced its second quarter 2022 results and provided an update on the Company's key busine

WEST PALM BEACH, Fla., July 25, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Thursday, August 4, 2022 at 8:30 a.m. (ET) to review the Company's second quarter 2022 operating results and provide a business update. All interested parties are welcome to participate. You can access the conference call by dialing (877) 300-8521 or (412) 317-6026 approximately 10 minutes prior to the call. Participants can also access the conference call through a live audio webcast available from the Shareholder Relations page at www.ocwen.com under Events a

Net income of $58 million and earnings per share of $6.30MSR Fair Value Net gain of $56 millionGAAP return on equity of 46%Book value per share of $58 as of March 31, 2022, up 14% from March 31, 2021Extended subservicing agreements with New Residential through 2023 WEST PALM BEACH, Fla., May 05, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced its first quarter 2022 results and provided an update on the Company's key business priorities. The Company reported GAAP net income of $58 million for the first quarter with an adjusted pre-tax loss of $11 million (see "Note Regarding No

WEST PALM BEACH, Fla., April 27, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced preliminary results for the first quarter of 2022 and scheduled an earnings conference call for Thursday, May 5 at 8:30 a.m. (ET). The Company reported the following preliminary results for the first quarter of 2022 (see "Note Regarding Financial Performance Estimates" below): Net Income of $58 million and earnings per share of $6.30Cash of $269 million and total liquidity of $314 million as of March 31, 2022, an increase of $76 million and $121 million respectively over December 31, 2021Book valu

Net income of $18 million for the full year 2021Net loss of $2 million in the quarter including $14 million of income statement notables$43 billion of new servicing additions in the quarter, including $32 billion in subservicingClosed reverse servicing platform acquisition from Reverse Mortgage Solutions, Inc. ("RMS") with $14 billion in UPB with an additional $13 billion expected in the first half of 2022Top servicing performance awards by GSEs WEST PALM BEACH, Fla., Feb. 25, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced its full year and fourth quarter 2021 results and pr

WEST PALM BEACH, Fla., Feb. 18, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Friday, February 25, 2022 at 8:30 a.m. (ET) to review the Company's fourth quarter 2021 operating results and provide a business update. All interested parties are welcome to participate. You can access the conference call by dialing (877) 407-0792 or (201) 689-8263 approximately 10 minutes prior to the call. Participants can also access the conference call through a live audio webcast available from the Shareholder Relations page at www.ocwen.com under Eve

Net income of $22 million and earnings per share of $2.35Pre-tax income of $10 million and adjusted pre-tax income of $37 millionAnnualized quarterly after-tax ROE of 19% and annualized quarterly adjusted pre-tax ROE of 32%$20 billion of new servicing additions and $20 billion of new subservicing awarded700 Flow and Correspondent sellers, up 2.5X year over year WEST PALM BEACH, Fla., Nov. 08, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced its third quarter 2021 results and provided an update on the Company's key business priorities. The Company reported net income of $22 mill

WEST PALM BEACH, Fla., Nov. 02, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Monday, November 8, 2021 at 8:30 a.m. (ET) to review the Company's third quarter 2021 operating results and provide a business update. All interested parties are welcome to participate. You can access the conference call by dialing (877) 407-0792 or (201) 689-8263 approximately 10 minutes prior to the call. Participants can also access the conference call through a live audio webcast available from the Shareholder Relations page at www.ocwen.com under Events an

WEST PALM BEACH, Fla., Aug. 04, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today provided information regarding its second quarter 2021 results and progress on the Company's key business priorities. A presentation with additional detail regarding today's announcement will be available on the Ocwen Financial Corporation website at www.ocwen.com (through a link on the Shareholder Relations page) prior to the Company's second quarter 2021 earnings conference call scheduled for Thursday, August 5, 2021 at 8:30 am ET. The Company reported net loss of $10.3 million and pre-tax loss of $22.2

WEST PALM BEACH, Fla., Aug. 02, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) ("Ocwen" or the "Company"), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Thursday, August 5, 2021 at 8:30 a.m. (ET) to review the Company's second quarter 2021 operating results and provide a business update. All interested parties are welcome to participate. You can access the conference call by dialing (877) 344-8082 or (213) 992-4618 approximately 10 minutes prior to the call. Participants can also access the conference call through a live audio webcast available from the Shareholder Relations page at www.ocwen.com under Events a