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ocwen financial corp (OCN) Details

Ocwen Financial Corporation, a financial services holding company, originates and services loans in the United States, the United States Virgin Islands, India, and Philippines. Its Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset management services to owners of mortgage loans and foreclosed real estate. This segment’s residential servicing portfolio includes conventional, government-insured, and non-agency loans. The company’s Lending segment originates and purchases conventional and government-insured residential forward and reverse mortgage loans directly with customers in forward lending, as well as through its correspondent lending arrangements, broker relationships, and retail channels of reverse mortgage lending. Ocwen Financial Corporation was founded in 1988 and is headquartered in West Palm Beach, Florida.

7,000 Employees
Last Reported Date: 05/7/19
Founded in 1988

ocwen financial corp (OCN) Top Compensated Officers

CEO, President & Director
Total Annual Compensation: $2.8M
Senior Vice President of Global Tax
Total Annual Compensation: $934.6K
Executive VP & Chief Servicing Officer
Total Annual Compensation: $814.2K
Executive VP & Chief Investment Officer
Total Annual Compensation: $870.1K
Compensation as of Fiscal Year 2018.
ocwen financial corp
Ocwen Financial Corporation Announces Executive Resignations

Catherine M. Dondzila, Senior Vice President and Chief Accounting Officer of Ocwen Financial Corporationhas announced that she will resign from the Company. Ms. Dondzila’s last day of active employment with the company was May 15, 2019. Ms. Dondzila’s resignation is not due to any disagreement with Ocwen relating to the Company’s operations, policies or practices. Ms. Dondzila’s employment will cease on May 31, 2019. On or prior to May 31, 2019, Ocwen expects to enter into a separation and release agreement with Ms. Dondzila pursuant to which she will receive a payment of $568,870. Ocwen also expects to enter into a 6-month consulting agreement with Ms. Dondzila under which she will receive $36,092 per month. The separation and release agreement provides for a release of claims against the Company and for Ms. Dondzila to comply with certain non-solicitation and other covenants.

Ocwen Financial Corp. Reports Earnings Results for the First Quarter Ended March 31, 2019

Ocwen Financial Corp. announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced total revenue was USD 303.888 million compared to USD 260.257 million a year ago. Net loss was USD 44.494 million compared to net income of USD 2.548 million a year ago. Basic loss per share was USD 0.33 compared to basic earnings per share of USD 0.02 a year ago.

Ocwen Financial Corporation to Report Q1, 2019 Results on May 07, 2019

Ocwen Financial Corporation announced that they will report Q1, 2019 results at 8:30 AM, US Eastern Standard Time on May 07, 2019


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