Ocwen Financial Corporation (OCN)

25.18
NYSE
Prev Close 25.24
Day Low/High 24.88 / 25.39
52 Wk Low/High 17.76 / 41.92
Exchange NYSE
Shares Outstanding 9.25B
Market Cap 233.48M
P/E Ratio 260.70
Div & Yield N.A. (N.A)

March Stock Madness

My March Stock Madness contest forecasts the winner among my favorite longs and shorts within a time frame of three to six months. "I'm living the dream." -- Dick Vitale Welcome to my 2013 long/short brackets for March Stock Madness. Unlike the NCAA...

That Was the Week That Was

Let's review. I have started a new end-of-week column that borrows from the title of a popular 1960s BBC comedy show hosted by David Frost for my look back at the week's daily diary highlights. On Monday, I started the week with "The Cyprus Blight C...

Shorter in Pairs Trade

I am heavier on the short side of my pairs trade. In my pairs trade discussed yesterday, I now have an imbalance of short Nationstar (NSM) against long Ocwen (OCN).

Favorite Pairs Trade (Part Deux)

Let's delve. Let's briefly discuss the motivation behind my pairs trade (Accounting 101): long Ocwen (OCN)/short Nationstar (NSM). Ocwen generates high-quality earnings. Unlike Nationstar, Ocwen does not create earnings without cash flow. Ocwen has ...

Favorite Pairs Trade

This one is in the mortgage-servicing sector. It's long Ocwen (OCN)/short Nationstar (NSM), with accounting differences and earnings quality being the proximate reasons.  More to come in analysis.

Breakfast With Brokers

I am off to breakfast with two mortgage-servicing executives to get better clarity. "I'll have pancakes in the Age of Enlightenment, please." -- Mike (Jon Favreau), Swingers With mortgage servicers under pressure after Walter Investment Management's...

Favorite Long, Favorite Short

Here's what I like the best on each side. Favorite long: Ocwen Financial (OCN). Favorite short: Grand Canyon Education (LOPE).

Going Longer on Ocwen

Just added to the long on a higher entry point. I have moved my Ocwen Financial (OCN) buy entry point up from $35 to $36, and I just added to my long.

Why Is Ocwen Getting Schmeissed?

A competitor reports an earnings miss. Ocwen Financial (OCN) is having its worst day in weeks or months. The proximate cause is that a competitor, Walter Investment Management (WAC), reported a miss to the bottom line (though the top line was abvout...

Why Ocwen Is Lower

Two Harbors' announced that it is now licensed to buy Freddie Mac's mortgage-servicing rights. Ocwen (OCN) is lower based on Two Harbors' (TWO) announcement that it is now licensed to buy Freddie Mac's (FRE) mortgage-servicing rights, but Two Harbor...

More From the Street of Dreams

Piper remains Overweight on HLSS. Piper Jaffray reiterates its Overweight on Home Loan Servicing Solutions (HLSS) just now -- part of the Ocwen (OCN) complex that is expereincing another boost in share prices today.

An Altisource Insider Could Be Right

An Altisource Insider Could Be Right

The mortgage servicing company could see a big increase in business from its top customer.

Wilbur Ross Joins Ocwen Board

His appointment was announced today. Wilbur Ross puts his imprimatur on and joins Ocwen's (OCN) board of directors.

Ocwen Stocks Are Up

The Ally news has catapulted the complex. The Ocwen (OCN) complex is trading higher on the Ally news.

Recommended Listening

Run, don't walk, to listen to Ocwen Chairman Bill Erbey's comments from last week's earnings call. Over the last few days, a light has been lit under the Ocwen (OCN) complex. If you listen to the first 10-15 minutes of the company's earnings call la...

That Was the Week That Was

Here is my new end-of-the-week column. As I mentioned last Friday, I have started a new end-of-week column that borrows from the title of a popular 1960s BBC comedy show hosted by David Frost for my look back at the week's daily diary highlights. On...

Ocwen Reports Results

Ocwen (OCN) reported a solid quarter ($0.47 a shre) with top line beating consensus and bottom line about $0.03 a share shy. But a much higher than expected tax rate reduced earnings by a nickel, so on an adjusted bases it was a beat. Moreover, the ...

Levels

Currently, only five out of 77 stocks I have mentioned recently are eligible to buy, down from nine out of 74 in mid-January. Jerry (Jerry Seinfeld): (To Kramer and Morty) What is this about? Kramer (Michael Richards): I'm completely changing the co...

The Beat Goes On

The Beat Goes On

The slow, steady push higher continues.

Morning Call, February 13

Morning Call, February 13

Scott Redler, the Chief Strategic Officer for T3Live.com, and John Darsie, the Editor-in-Chief of T3Live.com, take an in-depth look at the financial sector and discuss the mortgage servicing companies Ocwen, Nationstar, and Walter Investment Corp. They also walk through the charts of several stocks on their must-watch list and ponder whether Apple will develop an "iWatch."

Ocwen Hits a New High

Another large servicing deal has been anounced. New high in Ocwen (OCN) after another large servicing deal has been anounced.

Levels

Currently, only nine out of 74 stocks I have mentioned recently are eligible to buy, down from 19 out of 74 in late December. Jerry (Jerry Seinfeld): (To Kramer and Morty) What is this about? Kramer (Michael Richards): I'm completely changing the co...

Ocwen and Its Kin

Ocwen and Altisource Asset Management are hitting highs. Ocwen (OCN) has been a standout all week. (It just hit a 45-day high). And here comes the mini Altisource Portfolio Solutions (ASPS), Altisource Asset Management (AAMC), up $8.50 and at a new ...

Staying the Course

I'm not messing around with trading-index ETFs this year.

Ocwen Outperforms

The shares are at a 21-day high. Ocwen (OCN) trades at a 21-day high now.

BofA to Sell More Mortgage-Servicing Rights

This should take some pressure off Altisource Portfolio Solutions and Ocwen. "One last thing." -- Lt Columbo Altisource Portfolio Solutions (ASPS) and Ocwen (OCN) have been under pressure because a brokerage was concerned yesterday that Bank of Amer...

The Best-Laid Plans

Woulda, shoulda but couldn't. The best-laid schemes o' mice an' men Gang aft agley -- Robert Burns, "To a Mouse, on Turning Her Up in Her Nest with the Plough" The best-laid plans (of mice and men) often go awry. And so it goes with the search for m...

Levels

Currently, 19 out of 74 stocks I have mentioned recently are eligible to buy, up from 13 out of 71 in early November. Jerry (Jerry Seinfeld): (To Kramer and Morty) What is this about? Kramer (Michael Richards): I'm completely changing the configurat...

Under-the-Market Bids

I view these as investments, not as trades.   I am bidding $69.50 for Procter & Gamble (PG), $33 for Wells Fargo (WFC), $17.55 for Morgan Stanley (MS), $34.50 for Ocwen Financial (OCN), $88.75 for Berkshire Hathaway class B (BRK.B), and $19.70 for C...

Ocwen Financial upgraded at KBW