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Ocwen Financial: This "10 Bagger" Could Double Again
Bret Jensen • Thu, Jun 6 • 7 Comments
Mortgage Modification Datapoint of the Day, Ocwen Edition
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Ocwen Has an Offering I Can Refuse
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Ocwen Financial Dances to Its Own Drummer
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Ocwen Financial Will Benefit from Government Handouts
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Ocwen Financial: Making the Best of Hard Times
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The Opportunity In Mortgage Servicing Rights
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Cramer's Lightning Round - Ocwen Is A Predator Of Assets (4/18/12)
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Ocwen Financial Corporation's Management Presents at Barclays High Yield and Syndicated Loan Conference (Transcript)
Tue, May 21
Ocwen Financial Corporation's CEO Discusses Q1 2013 Earnings Results - Earnings Call Transcript
Thu, May 2
Ocwen Financial Corporation CEO Discusses Q4 2012 Results - Earnings Call Transcript
Thu, Feb 28
Ocwen CEO Discusses Q3 2010 - Earnings Call Transcript
Mon, Nov 8, 2010
Ocwen Financial Corporation Q2 2010 Earnings Call Transcript
Tue, Aug 3, 2010
Ocwen Financial Corporation Q1 2010 Earnings Call Transcript
Tue, May 4, 2010
Ocwen Financial Q2 2009 Earnings Transcript
Tue, Aug 4, 2009
Ocwen Financial Q4 2008 Earnings Call Transcript
Thu, Mar 12, 2009
Ocwen Financial Corp. Q3 2008 Earnings Call Transcript
Mon, Nov 24, 2008
Ocwen Financial Corp. Q2 2008 Earnings Call Transcript
Sun, Aug 17, 2008
Ocwen Financial Corp. Q1 2008 Earnings Call Transcript
Thu, May 22, 2008
Ocwen Financial Corporation Q4 2007 Earnings Call Transcript
Tue, Feb 12, 2008

Ocwen Financial Announces Operating Results for First Quarter 2013

GlobeNewswire (May 2, 2013)
Ocwen Hosts Housing Advocates, Regulators and Government Agencies to Discuss Homeownership in the Evolving Housing Market

GlobeNewswire (Apr 30, 2013)
Ocwen Financial Corporation Schedules Conference Call -- 1st Quarter 2013 Results

GlobeNewswire (Apr 23, 2013)
Ocwen Financial Corporation Purchases Liberty Home Equity Solutions

GlobeNewswire (Apr 3, 2013)
Wilbur Ross Appointed to Ocwen Financial Corp Board of Directors

GlobeNewswire (Mar 13, 2013)
Ocwen Financial Announces Operating Results for Fourth Quarter and Full Year 2012

GlobeNewswire (Feb 28, 2013)
Ocwen Financial Corporation Schedules Conference Call - 4th Quarter / Year End 2012 Results

GlobeNewswire (Feb 8, 2013)
Housing Crisis: New Rules Hit Mortgage Servicers

at CNBC.com (Jan 17, 2013)
Midday Movers: AAPL, MMR & More

at CNBC.com (Dec 5, 2012)
Ocwen Loan Servicing, LLC and Walter Investment Management Corp. Receive U.S. Bankruptcy Court Approval to Complete Purchase of Residential Capital, LLC Mortgage Servicing and Origination Businesses

GlobeNewswire (Nov 21, 2012)
Ocwen Reports Third Quarter 2012 EPS of $0.37 Per Share, Revenue of $232.7 Million and Net Income of $51.4 Million

GlobeNewswire (Nov 1, 2012)
Ocwen Loan Servicing, LLC and Walter Investment Management Corp. Awarded Winning Bid for ResCap's Mortgage Servicing and Origination Platform

GlobeNewswire (Oct 24, 2012)
ESOP, Leading Foreclosure Prevention and Housing Advocacy Agency, Honors Ocwen CEO

GlobeNewswire (Oct 19, 2012)
Ocwen Financial Corporation Schedules Conference Call - 3rd Quarter 2012 Results

GlobeNewswire (Oct 10, 2012)
Movers & Shakers: Wednesday’s biggest gaining and declining stocks

at MarketWatch.com (Oct 3, 2012)
Ocwen Announces Acquisition of Homeward Residential From WL Ross & Co.

GlobeNewswire (Oct 3, 2012)
Faster mortgage sale helps borrowers: Treasury

at MarketWatch.com (Sep 25, 2012)
Financial Sector Wrap

at Fox Business (Aug 29, 2012)
TJX Cos, Sherwin-Williams, Other Stocks Hit 52-Week Highs Wednesday

at Fox Business (Aug 29, 2012)
Public Policy, Consumer Relations and Mortgage Finance Expert Joins Ocwen Financial Corporation

GlobeNewswire (Aug 16, 2012)

OCN vs. ETF Alternatives

Company Description

Ocwen Financial Corporation, through its subsidiaries, is a leading provider of residential and commercial mortgage loan servicing, special servicing and asset management services. When we use the terms “Ocwen,” “OCN,” “we,” “us” and “our,” we refer to Ocwen Financial Corporation and its... More

Sector: Financial

Industry: Savings & Loans

Country: United States

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| Earnings
| Dividends
| M&A
| On the move

Thursday, June 13, 5:31 PM After-hours top gainers, as of 5:15 p.m.: RH +11%. SWHC +6%. PXLW +5%. OCN +4%. AVNR +3%.
After-hours top losers: GCI -5%. LPX -3%. BEE -3%. ELN -2%. MTG -2%. Comment! [On the Move]
Thursday, June 13, 4:24 PM Ocwen Financial (OCN) purchases $78B in unpaid principal balance of mortgage servicing rights from OneWest Bank for $2.53B, and plans to finance the buy with cash-on-hand and cash from operations, as well as a draw on an existing credit line (no secondary). (8-K) Comment! [Financials]
Wednesday, May 22, 3:33 PM Flagstar Bancorp (FBC) becomes the lastest bank to consider selling mortgage servicing rights, reportedly interviewing banks to manage the sale of more than $70B in MSRs. The business is lucrative once a certain scale is reached, but new rules force banks to hold more capital against MSRs, so lenders from BofA on down have been sellers. Specialty servicers like OCN, NSM, WAC, and NRZ aren't bound by such rules and have been happy buyers. Comment! [Financials]
Wednesday, May 22, 12:00 PM After more than tripling since its (unloved) IPO 14 months ago, Nationstar Mortgage (NSM) is the subject of a glowing writeup in Forbes - "A jewel in Fortress' (FIG) portfolio." Mortgage servicing is recognized as a great business now and Nationstar - along with Fortress-owned Newcastle (NCT, NRZ) - Ocwen (OCN) and Walter (WAC) are currently the favorites of the mortgage gorillas, Fannie and Freddie. 2 Comments [Financials]
Thursday, May 16, 7:50 AM Those now kicking it in their new beachside homes courtesy of buying into Altisource Asset Management (AAMC.OB) when it was spun off from ASPS late last year (it's up 20-fold since), might be interested in the potential spinoff of Solutionstar from Nationstar Mortgage (NSM). Management won't confirm it because they can't, says FBR's Paul Miller, but he has no doubt they're actively discussing it. ASPS is itself a spinoff - from Ocwen (OCN) in 2009, and up 500% since. 2 Comments [Financials, Quick Ideas]
Saturday, May 11, 3:49 PM Altisource Residential (RESI) had exactly zero questioners on its earnings call this week despite gaining 26% since its late-2012 IPO, but check out the transcript and presentation for a window into how Bill Erbey and his team are working (to the great profit of shareholders) the single-family rental boom. Residential sits in the middle of a web topped by Altisource Asset Management (AAMC.OB), and including Ocwen (OCN) - which provides its non-performing loan expertise - and Altisource Portfolio Solutions (ASPS) which takes care of property management. 1 Comment [Quick Ideas]
Thursday, May 9, 11:39 AM Fans of Ocwen (OCN) will be interested in today's earnings reports by Altisource Residential (RESI -1.3%) and Altisource Asset Management (AAMC.OB +3.9%), both with the same chairman as Ocwen - Bill Erbey. The two are highflying spinoffs from Ocwen-affiliated Altisource Portfolio Solutions (ASPS), also chaired by Erbey. A satisfied participant in ASPS' recent earnings call (transcript) was Steve Eisman who yesterday labeled Ocwen the best play around on a housing recovery. Comment! [Financials, On the Move]
Thursday, May 9, 7:37 AM Ocwen Financial (OCN) files a shelf offering for up to $162M of series A preferred stock by selling shareholders. The shares are not listed on any exchange. Shares +1.4% premarket, still basking in Steve Eisman's wildly bullish comments at Sohn yesterday, and a big earnings report from Walter Investment. Comment! [Financials, On the Move]
Thursday, May 9, 7:30 AM A Q4 earnings miss by Walter Investment (WAC) in March set off a savage selloff in it as well as sizable declines in the other mortgage servicers (OCN, NSM, HLSS), but it may not be so today. Walter +8.2% premarket after breezing past Q1 earnings estimates and reaffirming FY13 guidance. Conference call at 10 ET. (PR) Comment! [Earnings, Financials]
Wednesday, May 8, 3:24 PM "Once in awhile you come across a company that is completely and utterly mis-priced," says Steve Eisman, continuing his bullish presentation on housing at Ira Sohn (previous), and calling Ocwen Financial (OCN +2.2%) the most levered play on the sector. Over the next 3 years, the company's cash flow alone will be a significant percentage of its market cap. Ocwen Chairman Bill Erbey has been telling anyone who cares to listen the same thing for some time. Comment! [Quick Ideas]
Tuesday, May 7, 10:47 AM Mortgage servicers all move higher after a big earnings report from Nationstar (NSM +5.7%). Nationstar cousin Newcastle (NCT +2%), Ocwen (OCN +2.4%), Walter Investment (WAC +2.1%). Scale is key in the servicing business, and Nationstar has increased its UPB by an average 104% annually since 2008 (presentation). Another nice profit center is originations, and they're expected to more than triple this year, helped by the immediately accretive acquisition of Greenlight at 0.7x AEBITDA. 1 Comment [Financials, On the Move]
Thursday, May 2, 8:13 AM More on Ocwen Financial (OCN) Q1 earnings: Normalized pre-tax earnings up 22% over Q4, up 90% Y/Y. Adjusted operating cash flow of $265.8M. Q2 will show a full quarter of activity from ResCap acquisition. Management expects string of record revenues to continue. Greater size should allow core earnings and cash flow to both "trend higher" as a percentage of revenue. Conference call at 11 ET. (PR) Comment! [Financials, Earnings]
Thursday, May 2, 7:58 AM Ocwen Finclancial (OCN): Q1 EPS of $0.31. Revenue of $406.7M (+147% Y/Y) beats by $46.5M. (PR) Comment! [Earnings, Breaking News, Financials]
Thursday, May 2, 12:05 AM Notable earnings before Thursday’s open: ABMD, ACOR, ACT, AEE, ANR, ANSS, ARG, ARQL, ATK, AYR, BDBD, BDX, BEAM, BGCP, BZH, CAH, CEVA, CHD, CI, CME, CNP, CPN, CTRX, DIN, DNR, EL, ELNK, FIG, FLY, FNP, FWLT, GEL, GG, GIL, GM, GNRC, GOLD, HAR, HK, HSH, INCY, INGR, IP, IRDM, IT, ITT, K, LF, LQDT, LXP, MDC, MFC, MGI, MGM, MMC, MMP, MWW, NIHD, NNN, NUS, OCN, OGE, OXF, OZM, PCG, PPL, PWR, PXP, RGLD, RNO, SBH, SFY, SHPG, SNI, SPR, SRE, STRA, TEVA, VMC, VRX, WNR, WPX, WWE, XEL Comment! [Earnings]
Wednesday, May 1, 5:30 PM Notable earnings before Thursday’s open: ABMD, ACOR, ACT, AEE, ANR, ANSS, ARG, ARQL, ATK, AYR, BDBD, BDX, BEAM, BGCP, BZH, CAH, CEVA, CHD, CI, CME, CNP, CPN, CTRX, DIN, DNR, EL, ELNK, FIG, FLY, FNP, FWLT, GEL, GG, GIL, GM, GNRC, GOLD, HAR, HK, HSH, INCY, INGR, IP, IRDM, IT, ITT, K, LF, LQDT, LXP, MDC, MFC, MGI, MGM, MMC, MMP, MWW, NIHD, NNN, NUS, OCN, OGE, OXF, OZM, PCG, PPL, PWR, PXP, RGLD, RNO, SBH, SFY, SHPG, SNI, SPR, SRE, STRA, TEVA, VMC, VRX, WNR, WPX, WWE, XEL Comment! [Earnings]
Thursday, April 25, 3:43 PM Altisource Portfolio Solutions (ASPS +7.8%) flies after reporting an 8% Y/Y increase in EPS even with just limited benefit from Ocwen's (OCN) acquisition of Homeward Residential's servicing platform and no benefit from Ocwen's acquisition of Residential Capital's platform and the Ally servicing rights. The company expects a doubling in non-GSE loans by year's end and a 700 bp increase in operating margins. Sister company Altisource Asset Management (AAMC.OB +23.2%). (PR) Comment! [On the Move, Financials]

Michael Bryant
Diodes ($DIOD), Infoblox ($BLOX), Ocwen Financial ($OCN), Vipshop ($VIPS), & Copa Holdings ($CPA) rose Tuesday on unusual volume.
Jun 12, 12:18 AM
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Michael Bryant: Only $OCN, $VIPS, & $CPA seem viable investments. I think I'll go with $CPA.
Jun 12, 12:27 AM
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Ryan Mallory
Lazy Trade Long & Short: $OCN & $LEG | SharePlanner http://bit.ly/12fBZrV
Jun 10, 12:02 PM
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Emerging Markets Consulting, LLC.
Long $NFLX $LNKD $GOOG $PHM $OCN
May 22, 8:53 AM
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Capitalist Bull
Not much left to do, few setups remain. Patiently hold leading growth stocks through 1st pullbacks. http://stks.co/bV7p $ES_F $JAZZ $OCN
May 21, 1:44 PM
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Capitalist Bull
LSA continues to confirm rally. Add/initiate new positions on pullbacks. http://stks.co/pDTT $ES_F $GOOG $SPWR $TSLA $OCN $NFLX $YELP $P
May 19, 9:34 PM
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Michael Bryant
Ocwen Financial ($OCN), Allianceberstein ($AB), Eastman Chemical ($EMN), Cabela's ($CAB), & Yandex ($YNDX) rose Thursday on unusual volume.
May 17, 12:32 AM
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Michael Bryant: $CAB is the only one listened here that has gained over 100% in the last 52-weeks. May be a good stock to buy.
May 17, 12:46 AM
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Quinton Hobdy
I was right about most of these. $UBNT $OCN $HTZ $LINTA $CSCO $TM $ECL $SBGI $VIPS $SIX $MPC I'm also looking at $VIPS $NBG $GREK
May 16, 9:20 AM
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Quinton Hobdy: $WMT not a good pick. $TSN is a stronger choice than $SWY
May 16, 6:16 PM
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Quinton Hobdy: I retract the comment about wal-mart it is a good pick, but not for me.
May 16, 6:24 PM
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Quinton Hobdy
List of stocks with good upside potential. $UBNT $OCN $HTZ $LINTA $CISCO $TM $ECL $SBGI $VIPS $SIX....Maybe $MPC
May 13, 12:05 AM
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Capitalist Bull
LSA growth stocks exhibiting calm orderly action & more upside ahead. http://stks.co/jVAq $TSLA $FB $LNKD $NFLX $GOOG $SBGI $OCN $P $ES_F
May 11, 1:00 PM
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Michael Bryant
Ocwen Financial ($OCN) is up 160% in the last 52 weeks. Its mortgage business is riding the housing comeback. http://yhoo.it/11oX7Nr;c=
May 10, 12:59 AM
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LATEST REPLIES

Michael Bryant
Diodes ($DIOD), Infoblox ($BLOX), Ocwen Financial ($OCN), Vipshop ($VIPS), & Copa Holdings ($CPA) rose Tuesday on unusual volume.
Jun 12, 12:18 AM
Reply (1)

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Michael Bryant: Only $OCN, $VIPS, & $CPA seem viable investments. I think I'll go with $CPA.
Jun 12, 12:27 AM
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Michael Bryant
Ocwen Financial ($OCN), Allianceberstein ($AB), Eastman Chemical ($EMN), Cabela's ($CAB), & Yandex ($YNDX) rose Thursday on unusual volume.
May 17, 12:32 AM
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Michael Bryant: $CAB is the only one listened here that has gained over 100% in the last 52-weeks. May be a good stock to buy.
May 17, 12:46 AM
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Quinton Hobdy
I was right about most of these. $UBNT $OCN $HTZ $LINTA $CSCO $TM $ECL $SBGI $VIPS $SIX $MPC I'm also looking at $VIPS $NBG $GREK
May 16, 9:20 AM
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Quinton Hobdy: $WMT not a good pick. $TSN is a stronger choice than $SWY
May 16, 6:16 PM
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Quinton Hobdy: I retract the comment about wal-mart it is a good pick, but not for me.
May 16, 6:24 PM
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Michael Bryant
Green Mountain Coffee ($GMCR), K12 ($LRN), Air Lease ($AL), AMC Networks ($AMCX), & Ocwen Financial ($OCN) rose Thursday on unusual vol.
May 10, 12:46 AM
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Michael Bryant: $AMCX seems best, but $GMCR looks a good comeback play.
May 10, 12:49 AM
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166649
Pine River Capital's Berning chose $OCN as best stock pick of the year Ira Sohn Conference
May 8, 12:49 PM
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Special Situations, Arbs, Odd Lots, Tenders: thesis was companyu is helping to restructure mortage market....they have a 30 percent free cash flow yield and they may buy back 10% stock
May 8, 1:10 PM
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166649: $OCN said they have more leverage than a Citi
May 8, 1:37 PM
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Michael Bryant
Overstock.com ($OSTK), Belden ($BDC), LinkedIn ($LNKD), Visa ($V), & Ocwen Financial ($OCN) rose Thursday on unusual volume.
May 3, 2:05 AM
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Zeus2012: Does not matter. Just look at AMZN. This stock is controlled by momo funds and they won't sell until the growth slows (like AAPL)
May 3, 10:47 AM
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Zeus2012: By the way, this is something that I learned the HARD WAY. Bottom line, they have a bigger balance sheet than you do.
May 3, 10:48 AM
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OCN Ocwen Financial Corporation

OCN

Ocwen Financial Corporation