OCWEN FINANCIAL CORPORATION (NYSE:OCN) Files An 8-K Results of Operations and Financial Condition
OCWEN FINANCIAL CORP Exhibit
EX-99.1 2 ex99-1.htm Ocwen Financial Corporation® FOR IMMEDIATE RELEASE OCWEN FINANCIAL ANNOUNCES OPERATING RESULTS FOR FOURTH QUARTER AND FULL YEAR 2018 ● Reported a Net Loss of $(2.3) million for the fourth quarter of 2018 and a Net Loss of $(70.8) million for the full year 2018 ● Completed the acquisition of PHH Corporation,…
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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.
