Ocwen Financial Corp

NYSE: OCN
$25.23
+$0.46 (+1.9%)
Closing price April 24, 2024
Ocwen Financial Corp is a key player in the mortgage industry, offering a wide range of services including the origination and servicing of mortgage loans. With operations in the United States, the United States Virgin Islands, India, and the Philippines, it caters to both commercial and residential markets. Its services encompass forward and reverse mortgage loan servicing, special servicing, and asset management. Ocwen is known for its brands PHH Mortgage and Liberty Reverse Mortgage, and has been a significant name in the financial services sector since its establishment in 1988, headquartered in West Palm Beach, Florida.
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Reports have broken that Ocwen Financial backdated letters being sent out to homeowners regarding loan modifications and the like.
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