Ocwen Financial Corporation

Industry:	Banking
Ranking:	Russell 3000
Revenues:	$480.7 Million
Employees:	3,303

Description

Ocwen Financial Corporation (OCN) is a provider of servicing and origination processing solutions to the loan industry. The Company has three segments: Residential Servicing, Ocwen Recovery Group and Residential Origination Services. In addition to these business segments, the Company reports other items of revenue and expense in its Corporate Items and Other segment. The Company services residential mortgage loans, the majority of which are subprime mortgages. Ocwen Recovery Group primarily conducts collections for owners of delinquent and charged-off receivables and for a portfolio of unsecured credit card receivables that OCN acquired during the period 1998 through 2000. Residential Origination Services segment consists of three components: fee-based loan processing businesses, trading and investing activities and subprime loan originations.
(Source: 10-K)

Products & Services

financial services, servicing, mortgage, business process outsourcing, loan processing services, process management solutions

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News Archive

Ocwen Financial adds 4.2m shares to offering. Global Banking News (GBN); 8/17/2009 ...Banking News-17 August 2009-Ocwen Financial adds 4.2m shares to offering...based loan servicing company Ocwen Financial Corporation (NYSE: OCN) has...shares in a stock offering. Ocwen Financial has said that it would sell 28... ...more

Ocwen Financial Sells Investment. Investrend; 12/14/2009 ...financialwire.net/2009/12/14/ocwen-financial-sells-investment/) December...2009 (FinancialWire) -- Ocwen Financial Corp. (NYSE: OCN) said it...consummated as of December 3, 2009. Ocwen Financial Corp. is a provider of residential... ...more

FORM 8-K: OCWEN FINANCIAL ANNOUNCES CREATION OF DIRECT FINANCIAL OBLIGATION US Fed News Service, Including US State News; 12/12/2009 WASHINGTON, Dec. 10 -- OCWEN FINANCIAL CORP., West Palm Beach, Fla...as specified in its charter is OCWEN FINANCIAL CORPORATION. State of Incorporation...Document 99.1 - Press release of Ocwen Financial Corporation dated December 10... ...more