| (USD) | Dec 2023 | Q/Q |
|---|---|---|
| Revenue | 7.9MM | -21% |
| Operating Income | -45.6MM | -580% |
| Operating Expenses | 53.5MM | - |
| Net Income | -47.5MM | -659% |
| Compensation | 57.8MM | +4% |
| Technology | 13MM | -1% |
| Professional Service | - | - |
| Amortization | 900K | -25% |
| Interest Expense | 68.7MM | -8% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
Name change proposal to be submitted for approval at upcoming Annual Meeting of Shareholders New name embodies the Company’s transformation into a balanced and diversified business Ocwen subsidiary PHH Mortgage expected to rebrand to Onity Mortgage later this year WEST PALM BEACH, Fla., April 03, 2024 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced plans to change its name to Onity Group
Phyllis Caldwell Will Not Stand for Re-election at 2024 Annual Meeting of ShareholdersWEST PALM BEACH, Fla., April 02, 2024 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced the appointment of Claudia J. Merkle to its Board of Directors (“Board”), effective April 1, 2024. “We are very pleased to welcome Claudia to the Ocwen Board,” said Glen A. Messina, Chair, President and CEO of Ocwen. “C
PennyMac Financial, Federal Agricultural Mortgage and Ocwen Financial have been highlighted in this Industry Outlook article.
The Zacks Mortgage & Related Services industry players benefit from expected rate cuts, low competition from banks and strong servicing business. PennyMac Financial Services (PFSI), Federal Agricultural Mortgage (AGM) and Ocwen Financial (OCN) look well-placed for growth.
The heavy selling pressure might have exhausted for Ocwen (OCN) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
A flexible business model and focus on non-mortgage product offerings aid LendingTree (TREE). Yet, high costs and falling insurance segment's revenues are expected to hurt its financials.
Awarded for the third consecutive yearWEST PALM BEACH, Fla., March 11, 2024 (GLOBE NEWSWIRE) -- PHH Mortgage (“PHH” or the “Company”), a subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading non-bank mortgage servicer and originator, today announced the Company achieved Fannie Mae’s 2023 Servicer Total Achievement and Rewards™ (STAR™) Performer recognition. PHH has earned STAR Performer recognition for three consecutive years. STAR Performer recognition is reserved for top performi
Ocwen (OCN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Ocwen Financial Corporation (NYSE:OCN) Q4 2023 Earnings Call Transcript February 27, 2024 Ocwen Financial Corporation misses on earnings expectations. Reported EPS is $-6 EPS, expectations were $1.09. Ocwen Financial Corporation isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning, […]
Q4 2023 Ocwen Financial Corp Earnings Call