About
About Ocwen Financial Corporation
Ocwen Financial Corporation, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. It operates through, Servicing and Originations segments. The company provides commercial forward mortgage loan servicing, reverse mortgage servicing, special servicing, and asset management services for to owners of mortgage loans and foreclosed real estate, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans classified as loans. It also originates and purchases conventional and government-insured residential forward and reverse mortgage loans through its correspondent lending arrangements, broker relationships, and retail channels. It serves primarily under the PHH Mortgage and Liberty Reverse Mortgage brands. Ocwen Financial Corporation was founded in 1988 and is headquartered in West Palm Beach, Florida.
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5 years, 4 months ago
Ocwen Financial Corporation is currently in a long term uptrend where the price is trading 2.1% above its 200 day moving average.
From a valuation standpoint, the stock is 96.7% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 0.3.
Ocwen Financial Corporation's total revenue sank by 11.7% to $231M since the same quarter in the previous year.
Its net income has dropped by 120.7% to $-7M since the same quarter in the previous year.
Finally, its free cash flow fell by 169.7% to $-178M since the same quarter in the previous year.
Based on the above factors, Ocwen Financial Corporation gets an overall score of 2/5.