Onity Group Inc., a financial services company, originates and services forward and reserve mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. The company operates through the Servicing and Originations segments. The company offers owned mortgage servicing rights and subservicing products; conventional, government-insured, and non-agency mortgage loans, as well as reverse mortgage and multi-family loans; and residential forward mortgage and small commercial mortgage 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. In addition, the company engages in reinsurance business. The company offers its services under the PHH Mortgage and Liberty Reverse Mortgage brands. It serves financial institutions. The company was formerly known as Ocwen Financial Corporation and changed its name to Onity Group Inc. in June 2024. Onity Group Inc. was founded in 1988 and is headquartered in West Palm Beach, Florida.
Research context
Ocwen Financial Corporation appears in PyInvesting’s Frankfurt Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- EUR
- Sector
- Financial Services
- Industry
- Mortgage Finance
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5 years, 6 months ago
Ocwen Financial Corporation is currently in a long term uptrend where the price is trading 3.5% above its 200 day moving average.
From a valuation standpoint, the stock is 99.3% 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 grew by 118.5% to $12M since the same quarter in the previous year.
Based on the above factors, Ocwen Financial Corporation gets an overall score of 3/5.