Press Releases

Date Title and Summary View
Toggle Summary PHH Mortgage Announces Initial Results of New Subservicing Relationship With Sierra Pacific
Achieving substantial improvements in customer experience and servicing oversight costs WEST PALM BEACH, Fla., April 18, 2023 (GLOBE NEWSWIRE) -- PHH Mortgage Corporation (“PHH” or the “Company”), a subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading non-bank mortgage servicer and
View HTML
Toggle Summary PHH Mortgage Recognized by Fannie Mae as a 2022 Star Performer
Awarded for the second consecutive year WEST PALM BEACH, Fla., March 16, 2023 (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
View HTML
Toggle Summary Ocwen Financial Announces Full Year and Fourth Quarter 2022 Results
Net income of $26 million and EPS of $2.97 for 2022, up 42% and 49% respectively from 2021 Book value per share of $61, up 17% from year-end 2021 Net loss of $80 million in the quarter, including $75 million of income statement notables Achieved an annualized cost reduction of $100 million versus
View HTML
Toggle Summary PHH Mortgage Honored by Freddie Mac for Superior Loan Servicing
Awarded for the third consecutive year WEST PALM BEACH, Fla., Feb. 21, 2023 (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 was honored with a 2022
View HTML
Toggle Summary Ocwen Financial Schedules Conference Call – Fourth Quarter and Full-Year 2022 Results
WEST PALM BEACH, Fla., Feb. 17, 2023 (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 28, 2023 at 8:30 a.m.
View HTML
Toggle Summary Ocwen Financial President and CEO Glen Messina Appointed as Board Chair
Phyllis Caldwell to Remain on the Board; Kevin Stein to Assume the Role of Lead Independent Director WEST PALM BEACH, Fla., Jan. 23, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that
View HTML
Toggle Summary Ocwen Financial Announces Third Quarter 2022 Results
Completes agreement with Oaktree for incremental $250 million investment to acquire additional MSRs through MSR Asset Vehicle Net income of $37 million and earnings per share of $4.33; annualized return on GAAP book equity of 27% Net income includes MSR Fair Value Net gain of $53 million Book Value
View HTML
Toggle Summary Ocwen Financial Schedules Conference Call – Third Quarter 2022 Results and Business Update
WEST PALM BEACH, Fla., Oct. 26, 2022 (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, November 3, 2022 at 8:30 a.m.
View HTML
Toggle Summary PHH Mortgage Names Industry Veteran Michael Keaton as Senior Vice President of Default Subservicing
30 years of experience in mortgage subservicing and default servicing Newly created sales executive role to drive special servicing growth opportunities WEST PALM BEACH, Fla., Oct. 17, 2022 (GLOBE NEWSWIRE) -- PHH Mortgage Corporation (“PHH” or the “Company”), a subsidiary of Ocwen Financial
View HTML
Toggle Summary Ocwen Financial Comments On New Financial Eligibility Requirements Announced by FHFA and Ginnie Mae
WEST PALM BEACH, Fla. , Sept. 09, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, issued the following statement in response to the minimum financial eligibility requirements for enterprise
View HTML