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

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

Delayed Quote. Delayed  - 09/30 10:08:44 pm
3.67 USD   +4.86%
09/23 OCWEN FINANCIAL : and NAACP to Hold Homeowner Outreach Event in Wash..
09/18 OCWEN FINANCIAL : Announces Pricing of $500 Million OMART Servicing ..
09/17 OCWEN FINANCIAL : Outperforms Under The U.S. Department of the Treas..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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
09/23 OCWEN FINANCIAL : and NAACP to Hold Homeowner Outreach Event in Washington State
09/18 OCWEN FINANCIAL : Announces Pricing of $500 Million OMART Servicing Advance Secu..
09/17 OCWEN FINANCIAL : Outperforms Under The U.S. Department of the Treasurys New Str..
09/16 OCWEN FINANCIAL : Outperforms Under The U.S. Department of the Treasury's New St..
09/16 Ocwen Outperforms Under The U.S. Department of the Treasury’s New Stre..
08/31 WHAT’S OCWEN FINANCIAL CORP (N : OCN) After In Des Moines?
08/30 Ocwen and NAACP to Hold Homeowner Outreach Event in Washington State
08/26 OCWEN FINANCIAL : Settles Allegations of Unlicensed Servicing
08/25 OCWEN FINANCIAL CORP : Other Events (form 8-K)
08/16 OCWEN FINANCIAL CORP : Regulation FD Disclosure (form 8-K)
More news
Sector news : Retail & Mortgage Banks
06:37p COMMERZBANK : German bank regulator warns of negative perception spiral
05:17pDJDEUTSCHE BANK : Current and Former MPS, Deutsche Bank, Nomura Executives Charged..
03:52pDJDEUTSCHE BANK : Current and Former MPS, Deutsche Bank, Nomura Executives Charged..
03:48pDJDEUTSCHE BANK : Current and Former MPS, Deutsche Bank, Nomura Executives Charged..
03:39pDJDEUTSCHE BANK : Current and Former MPS, Deutsche Bank, Nomura Executives Charged..
More sector news : Retail & Mortgage Banks
News from SeekingAlpha
09/16 Treasury gives Ocwen high marks for working with homeowners
09/14 Ocwen upgraded at Compass Point
09/08 Ocwen higher on Monitor progress
08/26 PREMARKET GAINERS / LOSERS AS OF 9 : 10 am
08/25 After Hours Gainers / Losers
Advertisement
Financials ($)
Sales 2016 1 402 M
EBIT 2016 72,4 M
Net income 2016 -271 M
Debt 2016 -
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017
Capi. / Sales 2016 0,32x
Capi. / Sales 2017 0,38x
Capitalization 455 M
More Financials
Chart OCWEN FINANCIAL CORP
Duration : Period :
Ocwen Financial Corp Technical Analysis Chart | OCN | US6757463095 | 4-Traders
Full-screen chart
Technical analysis trends OCWEN FINANCIAL CORP
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 3,17 $
Spread / Average Target -14%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Ronald M. Faris President, Chief Executive Officer & Director
Phyllis R. Caldwell Chairman
Michael R. Bourque Chief Financial Officer & Executive Vice President
Ronald J. Korn Independent Director
Robert A. Salcetti Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
OCWEN FINANCIAL CORP-47.35%455
HOUSING DEVELOPMENT FI..10.97%33 132
FIRSTRAND LIMITED13.18%19 704
BARCLAYS AFRICA GROUP ..8.31%9 337
CAPITEC BANK HOLDINGS ..22.48%5 431
INDIABULLS HOUSING FIN..8.20%5 240
More Results