OCWEN FINANCIAL CORPORATION (NYSE:OCN) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
On August 3, 2020, Ocwen Financial Corporation (the “Company”) issued a press release relating to plans for a one-for-15 reverse stock split of the outstanding and authorized shares of the Company’s common stock, par value $0.01 per share. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information in this Item 7.01 and the information in the related exhibit attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
|99.1||Press Release of Ocwen Financial Corporation dated August 3, 2020|
OCWEN FINANCIAL CORP Exhibit
EX-99.1 2 ex99-1.htm Exhibit 99.1 Ocwen Financial Corporation® OCWEN FINANCIAL ANNOUNCES REVERSE STOCK SPLIT West Palm Beach,…
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About OCWEN FINANCIAL CORPORATION (NYSE:OCN)
Ocwen Financial Corporation is a financial services holding company. The Company, through its subsidiaries, operates as a mortgage company. The Company’s segments include Servicing, Lending, and Corporate Items and Other. The Company’s Servicing segment consists of its core residential servicing business. The Company’s Lending segment is focused on originating and purchasing conventional and government-insured residential forward and reverse mortgage loans. The Company’s Corporate Items and Other segment includes business activities that include providing secured floor plan lending to used car dealerships through its Automotive Capital Services (ACS) venture and providing financing to investors to purchase single-family homes and apartments for lease through its Liberty Rental Finance venture. The Corporate Items and Other segment also includes the diversified fee-based businesses, which provide property valuation, real estate owned (REO) management, title and closing services.