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Stock Market & Financial Investment News

News Breaks
July 16, 2014
07:07 EDTOCNOcwen Financial creates Community Advisory Council
Ocwen Financial announced the creation of a Community Advisory Council. The Council will provide a forum for Ocwen leaders and community advocates to share ideas, discuss policy issues and collaboratively identify opportunities for Ocwen to have a positive impact on local communities, particularly those hit hardest by the economic downturn. The Council will work with Ocwen to consider issues such as principal reduction modifications for families with underwater mortgages; reducing urban blight; helping communities of color that have been hardest hit by the mortgage crisis; and improving language access to borrowers with limited English proficiency. The Council will be chaired by Ronald Faris, president and CEO of Ocwen, and will initially consist of 15 leading non-profit community advocates and housing counseling agencies from around the country. Other members may be added to the Council in the future.
News For OCN From The Last 14 Days
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June 25, 2015
11:07 EDTOCNOcwen management to meet with Piper Jaffray
Meeting to be held in Boston on June 29 hosted by Piper Jaffray.
June 24, 2015
14:26 EDTOCNOcwen outlook revised to Stable from Negative by Fitch
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June 19, 2015
07:05 EDTOCNOcwen servicer downgrade by S&P expected, says Piper Jaffray
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06:51 EDTOCNOcwen servicer rankings lowered to Below Average by S&P
Standard & Poor's yesterday afternoon lowered its rankings on Ocwen Loan Servicing to Below Average from Average as a residential mortgage prime, subprime, special, and subordinate-lien servicer and removed the four rankings from CreditWatch with negative implications. "We believe regulatory and investor scrutiny and/or actions have affected Ocwen's operations," the ratings agency said.

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