Press Releases

Date Title and Summary View
Toggle Summary Ocwen Financial Officially Rebrands as Onity™ Group
NYSE trading symbol (“ONIT”) expected to be effective market open on June 10, 2024 WEST PALM BEACH, Fla., June 10, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that it has officially started
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Toggle Summary Ocwen Financial Announces Shareholder Approval to Rebrand as Onity™ Group
New name and NYSE trading symbol (“ONIT”) expected to be effective June 10, 2024 PHH Mortgage expected to rebrand to Onity Mortgage in the fall of 2024 WEST PALM BEACH, Fla., May 28, 2024 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank
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Toggle Summary Ocwen Financial Announces First Quarter 2024 Results
Net income of $30 million and diluted earnings per share of $3.74; annualized return on equity of 29% Adjusted pre-tax income of $14 million, driven by servicing segment; achieved 13.8% annualized adjusted pre-tax return on equity Repurchased $47 million in PHH senior secured notes below par $23
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Toggle Summary Ocwen Financial Schedules Conference Call – First Quarter 2024 Results and Business Update
WEST PALM BEACH, Fla., April 24, 2024 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Thursday, May 2, 2024 at 8:30 a.m.
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Toggle Summary Ocwen Financial Announces Intention to Rebrand as Onity™ Group
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,
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Toggle Summary Ocwen Financial Corporation Announces Appointment of Claudia Merkle to Board of Directors
Phyllis Caldwell Will Not Stand for Re-election at 2024 Annual Meeting of Shareholders WEST 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
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Toggle Summary PHH Mortgage Recognized by Fannie Mae as a 2023 Star Performer
Awarded for the third consecutive year WEST 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
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Toggle Summary Ocwen Financial Announces Full Year and Fourth Quarter 2023 Results
Net loss of $64 million for 2023, driven by $89 million reduction in unrealized MSR value change due to rates and assumptions, net of hedge Adjusted pre-tax income of $49 million for 2023, driven by strong servicing performance Achieved GAAP operating expense reduction over $120 million, or 23%,
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Toggle Summary Ocwen Financial Schedules Conference Call – Fourth Quarter and Full Year 2023 Results
WEST PALM BEACH, Fla., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Tuesday, February 27, 2024 at 8:30 a.m.
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Toggle Summary PHH Mortgage Announces New Subservicing Agreement With Zillow Home Loans
Agreement expands existing correspondent relationship to strategic servicing partner Initial onboarding of loans completed in August 2023 WEST PALM BEACH, Fla., Nov. 13, 2023 (GLOBE NEWSWIRE) -- PHH Mortgage Corporation (“PHH” or the “Company”), a subsidiary of Ocwen Financial Corporation (NYSE:
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