Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Ocwen Financial Corp    OCN

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

OCWEN FINANCIAL : Congressman West Meets With Ocwen's Mortgage Modification Specialists Focused on Helping At-Risk Homeowners

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/22/2011 | 10:10pm CEST
Local Company's Approach Could be Secret Weapon in Mortgage Crisis

WEST PALM BEACH, Fla., Aug. 22, 2011 -- Congressman Allen West (FL-22) met last week with top executives and call center representatives of Ocwen Financial Corporation ("Ocwen" or the "Company") (NYSE:OCN), a mortgage servicing organization that is working to modify the loans of at-risk homeowners. The Company recently announced it is expanding its loan modification program designed to combat foreclosure nationwide. The program focuses on principal reductions and aiding "under-water" borrowers who owe more than their house is worth. Congressman West paid a visit to the company's West Palm Beach operation this past Monday.

Congressman West met with Ocwen President and CEO Ron Faris, Executive Vice President Paul Koches and call center staff who work with distressed homeowners and learned how the company's approach to loans helps cure delinquent loans and keep borrowers in their homes.

"Homeowners should not have to suffer because of the damaging government policies perpetuated through Fannie Mae and Freddie Mac," West said. "The free market will gradually help the housing market recover."

"Ocwen has saved over 90,000 families from foreclosure through loan modifications even before the Treasury Department's HAMP program took effect," Faris said. "Since then, the Company has resolved more than 100,000 additional delinquencies, helping homeowners keep their homes."

CONTACT: Paul A. Koches
         T: 202-416-1602
         E: Paul.Koches@Ocwen.com
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on OCWEN FINANCIAL CORP
08/03 OCWEN FINANCIAL : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AN..
08/02 OCWEN FINANCIAL CORPORATION (NYSE : OCN) Files An 8-K Results of Operations and ..
08/02 OCWEN FINANCIAL CORP : Results of Operations and Financial Condition, Financial ..
08/02 OCWEN FINANCIAL : reports 2Q loss
08/02 Ocwen Financial Announces Preliminary Operating Results for Second Quarter 20..
07/28 OCWEN FINANCIAL : Settles Investor Class Action
07/27 OCWEN FINANCIAL : Advocacy group says Ocwen neglected foreclosed homes, cites PB..
07/26 OCWEN FINANCIAL : NAACP, and NID Bringing Help & Hope to Struggling Miami Homeow..
07/26 Ocwen Financial Corporation Schedules Conference Call - 2nd Quarter 2017 Resu..
07/25 Ocwen, NAACP, and NID Bringing “Help & Hope” to Struggling Miami ..
More news
News from SeekingAlpha
08/04 Ocwen Financial's (OCN) CEO Ron Faris on Q2 2017 Results - Earnings Call Tran..
08/04 Ocwen Financial Corporation 2017 Q2 - Results - Earnings Call Slides
08/02 Settlement and regulatory costs drive Ocwen deep into the red
08/02 Ocwen Financial EPS of -$0.36
07/27 FINANCIALS - TOP 5 GAINERS / LOSERS : 00 pm
Financials ($)
Sales 2017 1 120 M
EBIT 2017 123 M
Net income 2017 -130 M
Debt 2017 -
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
Capi. / Sales 2017 0,33x
Capi. / Sales 2018 0,39x
Capitalization 365 M
Chart OCWEN FINANCIAL CORP
Duration : Period :
Ocwen Financial Corp Technical Analysis Chart | OCN | US6757463095 | 4-Traders
Technical analysis trends OCWEN FINANCIAL CORP
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 3,00 $
Spread / Average Target 7,5%
EPS Revisions
Managers
NameTitle
Ronald M. Faris President, Chief Executive Officer & Director
Phyllis R. Caldwell Chairman
Michael R. Bourque Chief Financial Officer & Executive Vice President
Robert A. Salcetti Independent Director
DeForest Blake Soaries Independent Director
Sector and Competitors