Ocwen Financial Corporation (OCN)

36.53
NYSE
Prev Close 36.19
Day Low/High 35.74 / 36.96
52 Wk Low/High 22.34 / 38.19
Exchange NYSE
Shares Outstanding 9.20B
Market Cap 332.98M
P/E Ratio 260.70
Div & Yield N.A. (N.A)

Best Idea Update: Potash

My expectations going into next year. As promised, I intend to describe my specific price expectations (for the balance of the year) of each of my long positions on my Best Ideas list. The forecasts that I make are within the context of a cautious/n...

The Bad and the Good

Home Depot and Ocwen. I made a big mistake trading out of Home Depot (HD) for a $1 gain, and I did well buying Ocwen (OCN) on recent weakness over the past month or two.

From the Street of Dreams, Part Deux

Piper Jaffray on Ocwen. Piper Jaffray chimes in on Ocwen (OCN) this morning: We recently traveled with OCN CEO Ron Faris and new CFO Michael Bourque to see investors. While the long-term opportunity for OCN remains strong, continued higher/elevated ...

From the Street of Dreams

Barclays reinstates Ocwen. Ocwen (OCN) has been reinstated at Barclays with a Neutral rating and a $30 price target.

From the Street of Dreams, Part Deux

Briefing.com weighs in on Ocwen. From Briefing.com on Ocwen (OCN): OCN Ocwen Fincl provides some color in Investor Presentation (28.44 ) On the latest with New York's Department of Financial Services... Co said, "We don't comment publicly on discuss...

From the Street of Dreams

Piper Jaffray highlights Ocwen's presentation at the Barclays conference. As I mentioned last week, I was hopeful that Ocwen (OCN) would lay out the cost issues in its presentation at the Barclays conference yesterday. They did a good job, and the p...

Missed It by That Much

My bid on Ocwen, that is. I was bidding for more Ocwen (OCN) on Friday's news, but just missed it.

Ocwen Stands Out

The company received the highest rating possible in all categories in a quarterly compliance review report. For several months, I have suggested that the DFS's offensive move against Ocwen (OCN) has little merit. In support of my view, after the clo...

This Morning's Market Setup

Where it began. "Insanity in individuals is something rare - but in groups, parties, nations and epochs, it is the rule." -- Friedrich Nietzsche The rundown: U.S. futures are slightly lower at the get-go (S&P futures are down by 3 handles, and Nasda...

A Trio of Best Ideas Show Improvement

Namely, Oaktree, Ocwen and Citigroup. Three Best Ideas names -- Oaktree (OAK), Ocwen (OCN) and Citigroup (C) -- are slowly regaining respectability.

Best Ideas Update on Ocwen

The downside is about $25 a share, while the year-end upside is about $35 a share. "Ocwen's (OCN) shares are now trading well below the company's 'runoff value' of its portfolio and the value of the company's origination business (which I estimate t...

Ocwen Trading at a Discount

I like the risk/reward at current prices, but can't predict the regulatory outcome. Ocwen's (OCN) shares are now trading well below the company's "runoff value" of its portfolio and the value of the company's origination business (which I estimate t...

Growing Shorter

I have just raised my net short exposure to 10%. While I have added to Ocwen (OCN), Bon-Ton Stores (BONT), Citigroup (C), "The Mighty" Oaktree (OAK) and Monitise (MONI.L/MONIF) this week, few stocks justify the risks, in my opinion. I have just rais...

This Morning's Market Setup

Where it began. "Movement of Russian trucks into Ukraine seen as direct invasion of Ukraine by Russia." -- Ukraine State Security Chief Nalivaychenko The rundown: U.S. futures have turned a bit lower on more Russia/Ukraine tension. (S&P futures are ...

From the Street of Dreams

Here is Piper's report on Ocwen. Piper Jaffray on Ocwen (OCN) this morning (which includes much of what I reported): This morning, OCN released its re-stated March quarter 10-Q and 2013 10-K. Within the documents, OCN noted that it was restating its...

Ocwen Update

Shares are probably going to be trading range-bound for several more months. Ocwen Financial (OCN) has filed its 10Q this morning. http://biz.yahoo.com/e/140818/ocn10-q_a.html The filing frees the company up to repurchase stocks (which I suspect it ...

Bidding on Ocwen

My price is $26. I am bidding $26 for more Ocwen (OCN). Remember, I expect the share buyback to be reinstituted shortly, upon the filing of the 10Q.

Omega Loads Up on Ocwen

The firm's stake is up to 2.6 million shares from 222,000 in its previous filing. Omega Advisors raises its Ocwen (OCN) stake to 2.6 million shares from 222,000 in its previous filing.

Ocwen Takes More Baby Steps

Shares are creeping higher. Ocwen Financial (OCN) is inching up today. Peers Nationstar Mortgage Holdings (NSM) and Walter Investment Management (WAC) are doing the same.

Homebuilders Are Still Too High

Homebuilders Are Still Too High

The fundamentals suggest these stocks should be much lower.

Ocwen Ticks Upward

I am adding. An observation: First uptick in Ocwen's (OCN) shares since my Bar Mitzvah. Adding.

Adding to Ocwen Long

At $25.25. As I wrote yesterday, Ocwen (OCN) is within a few days (at most) of being allowed to reenter the market and to repurchase stock. In anticipation that this will stabilize the shares, I am starting to add to m y position at $25.25.

Ocwen's Buyback Plans

From the chairman's mouth. In the comments section there was a question from subscriber Bob B on the status of the continuing share repurchase program at Ocwen (OCN). I emailed Ocwen's chairman, Bill Erbey, to update an answer to Bob B's question, a...

Another Stumbling Block for Ocwen

Shares trading lower on a report of a delayed 10-Q filing. The hits keep coming at Ocwen (OCN). Shares trading lower on a report of a delayed 10-Q filing. I believe this relates to a previous change in valuation methodologies of mortgage servicing r...

Walter Investment Management Misses

I am going through the earnings report now. Ocwen (OCN) competitor Walter Investment Management (WAC) misses -- unlike last week's beat by Nationstar Mortgage (NSM). I am going through the earnings report now.

Ocwen Is a Different Kind of Monster

Don't get excited with bottom calling in the name just yet. By Tim Collins Trying to clear those scary monsters out from under the bed, we'll turn our attention to Ocwen Financial (OCN). I know Doug has done some great follow-up on the fundamental h...

Investors Call On Ocwen

Call volume remains high in the name. Despite the continued free fall in Ocwen's (OCN) shares, call volume remains high. I mentioned large volume yesterday. Today  I see over 8,000 contracts in each of the January 2015 $30 and $40 calls.

Adding to Two

Namely, Ocwen and Citi. I added further to Ocwen (OCN) at $26.60 and Citigroup (C) at $48.10 just now.

Expecting an Ocwen Mention

I see it as a favorite pick.  My guess is that my friend/buddy/pal Steve Weiss will mention Ocwen (OCN) as one of his favorite picks on "Fast Money: Halftime Report" shortly.

Ocwen Turns Positive

It's looking like a potential near-term bottom. Ocwen (OCN) turns green. Fingers crossed -- looking like a potential near-term bottom.