OCWEN FINANCIAL CORPORATION (NYSE:OCN) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.
On October 20, 2020, Ocwen Financial Corporation (“Ocwen” or the “Company”) issued a press release announcing preliminary results for the third quarter ended September 30, 2020 and providing a business update. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information in this Item 2.02 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.
The press release incorporated by reference herein contains certain statements relating to our preliminary third quarter financial performance and our current assessments of the impact of the COVID-19 pandemic. These statements are based on currently available information and reflect our current estimates and assessments, including about matters that are beyond our control. We are operating in a fluid and evolving environment and actual outcomes may differ materially from our current estimates and assessments. The Company has not finished its third quarter financial closing procedures. There can be no assurance that actual results will not differ from our current estimates and assessments, including as a result of third quarter financial closing procedures, and any such differences could be material.
Item 9.01 Financial Statements and Exhibits.
|99.1||Press Release of Ocwen Financial Corporation dated October 20, 2020 announcing preliminary financial results for the third quarter ended September 30, 2020|
OCWEN FINANCIAL CORP Exhibit
EX-99.1 2 ex99-1.htm Exhibit 99.1 Ocwen Financial Corporation® OCWEN FINANCIAL PROVIDES BUSINESS UPDATE AND PRELIMINARY THIRD QUARTER RESULTS Continued profitability improvement and originations volume growth Strong operating and financial momentum Settlement with Florida completes resolution of all state actions from 2017 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.