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Stock Market & Financial Investment News

News Breaks
January 29, 2014
07:48 EDTOCNOcwen Financial shares should be bought on weakness, says Oppenheimer
After Ocwen preannounced its Q4 results, Oppenheimer lowered its 2014 EPS estimate for the company to $5.25 from $5.55. However, the firm doesn't think the company's longer term earnings outlook has really changed, and it keeps an Outperform rating on the stock.
News For OCN From The Last 14 Days
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October 5, 2015
13:46 EDTOCNHome Loan Servicing to pay $1.5M penalty to settle SEC charges
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October 2, 2015
11:26 EDTOCNNew Residential repays $2.5B of HSART term notes at par
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September 24, 2015
10:31 EDTOCNOcwen announces workforce reduction at Iowa facility
Ocwen announced that as part of an ongoing cost improvement initiative the company will reduce its workforce at its Waterloo, Iowa residential servicing facility. The decision will affect approximately 300 residential servicing employees, which is 10% of the company's approximately 2,900 U.S. employees. All impacted employees will have the opportunity to apply for employment at other Ocwen facilities, including 130 open positions at the Coppell, Texas facility. The company will also seek to lease approximately half of its 155,000 sq. foot facility in Waterloo, and it is working closely with the City of Waterloo and the Greater Cedar Valley Alliance & Chamber's office of Economic Development to source the right tenant.

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