Tag Archives: Ocwen

With the resignation of Ocwen CFO Michael Bourque, announced Tuesday, what impact will his departure have on the mortgage servicer? Click through to learn more about the state of Ocwen after this announcement.

Ocwen Financial Corporation, a financial services holding company based in West Palm Beach, Florida, has announced that the company was named a Fannie Mae Servicer Total Achievement and ...

It’s been a busy day for the mortgage and servicing industry. Both Nationstar and Ocwen announced major leadership changes on Thursday, with Nationstar naming its first COO in ...

Ocwen Financial Corporation, a leading financial services holding company, announced on Thursday that President and CEO Ron Faris is retiring after 27 years with the company.

Ocwen Financial Corporation, an Atlanta-based financial services holding company, today announced a definitive agreement under which Ocwen will acquire all of the outstanding shares of PHH Corporation, a mortgage ...

In April 2017, many state business regulators issued regulatory enforcement orders to subsidiaries of Ocwen, but now the company has reached with more than half and has announced the selling off of their wholesale forward lending business.

Ocwen Financial Corporation, a financial services holding company, recently announced the addition of Christopher Whalen, Chairman of Whalen Global Advisors LLC, as a senior consultant and advisor.

As a part of its “Summer of Help & Hope” series, this Sunday, July 29, Ocwen Financial Corporation along with the National Association for the Advancement of Colored People (NAACP) and NID Housing Counseling Agency (NID) will host an event for Miami area homeowners who are currently struggling with their mortgage.

The Consumer Financial Protection Bureau (CFPB) has denied Ocwen Financial Corporations’s attempt to expedite a court ruling on the constitutionality of the Bureau. The CFPB said that the mortgage servicer shouldn’t get special treatment in the case, alleging it failed “every stage of the mortgage servicing process.” The CFPB attempted to block Ocwen’s expediting attempt by telling a Florida federal court to deny Ocwen’s attempt at fast-tracking its constitutional challenge against the agency’s structure.

Ocwen's shares are finally starting to recover since the CFPB and 21 states filed suit against it last month. Following an announcement that New Residential Corporation will acquire Ocwen's mortgage servicing rights, the company's stock rose 46 percent at one point, reaching $3.32 at its highest. Ocwen's shares had dropped more than 50 percent after April's legal allegations.