Ocwen Financial Corp (NYSE:OCN)

CAPS Rating: 4 out of 5

A provider of servicing and origination processing solutions to the loan industry with headquarters in West Palm Beach, Florida, offices in Orlando, Florida, Lisle, Illinois and Atlanta, Georgia and global operations in Canada, Germany, India and Taiwan.

Results 1 - 16 of 16

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Member Avatar bcowabunga (33.26) Submitted: 6/11/2015 9:54:51 AM : Outperform Start Price: $10.77 OCN Score: -26.61

Assumes the company has their regulatory act together. Underlying business is nicely profitable

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Member Avatar Serendipity1987 (< 20) Submitted: 2/1/2015 1:11:35 PM : Outperform Start Price: $6.12 OCN Score: +19.03

BlueMountains claim of a default is flimsy at best. No quantitative covenants were failed. The 'failure' is one that will be disputed and will ultimately just make $ for lawyers. Sending this advance securitization into default would cross default other advance series. Ocwen will not let this happen. Period. The lawsuits brought up by those big name investors is just a tool to get ocwen to service more aggressively-foreclose faster. First of all, it is extremely difficult to remove a servicer. second, there are not good options for who would service these loans. If ocwen was somehow removed, all those non agency bond holdings services by ocwen drop points overnight. That's because there will be an interruption in payments to their bonds while advances are recouped at the top of the waterfall (to pay the advance facilities). Nobody benefits from servicing interruptions, especially bond holders. These lawsuits essentially go nowhere. As far as the state lawsuits, they will have to pay off each one like CA. Then back to business as usual. Banks will not hold MSRs so guys like Ocwen have to stay in business. Will be worse for consumers if they get run out by states looking to cash in.

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Member Avatar ChrisYungER (< 20) Submitted: 1/22/2015 11:20:23 PM : Outperform Start Price: $6.84 OCN Score: +9.32

Based purely on a quantitative basis the stock is cheap:
debt/equity lower then it's peers.
low price/cash flow multiple.

It is cheap for good reason, because of all the bad news:
chairman stepping down.
settled with ny.
california now wants a piece of the action.

OCN is between a rock and a hard place and we've been seeing nothing but bad news.

Once the dust clears, we will likely see price appreciation.

Perhaps we'll see some active investors start buying a piece to start righting the ship.

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Member Avatar jdarn39 (35.08) Submitted: 8/27/2014 9:13:42 PM : Outperform Start Price: $27.54 OCN Score: -73.46

earnings and revenue growth

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Member Avatar jyurow (61.72) Submitted: 10/29/2013 12:30:52 PM : Underperform Start Price: $58.42 OCN Score: +100.21

Increasing credit risks in mortgage market

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Member Avatar Borbality (46.59) Submitted: 2/1/2013 1:04:59 PM : Outperform Start Price: $39.75 OCN Score: -113.52

Adding some to watchlist based on screener

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Member Avatar ScotSAK (< 20) Submitted: 5/21/2008 10:16:50 PM : Outperform Start Price: $6.19 OCN Score: -30.98

Perhaps a hidden opportunity in the financial arena

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Member Avatar kramerge (< 20) Submitted: 4/10/2008 7:46:31 PM : Underperform Start Price: $3.97 OCN Score: -29.65

Company management is incompetent.
Strategy and directive does not use or develop automation, model is to increase staff in India to address problems with no success. Staff in India does not have much knowledge and is learning on the job
Recent purchase of NCI which was close to bankruptcy will not improve performance.
Erbey needs to be voted out.

This company is a Titanic.

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Member Avatar alkamist81 (< 20) Submitted: 4/9/2008 8:00:07 PM : Outperform Start Price: $4.17 OCN Score: +21.49

In anticipation of the eventual rebound of the financial sector. A little early for bottom feeding, but I am just indiscriminately putting all stocks that are tagged S&L.

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Member Avatar stevenmatheny (< 20) Submitted: 10/12/2007 11:01:11 AM : Underperform Start Price: $10.34 OCN Score: +63.63

You have got to be kidding me...a 9 rating????

This company is one of the worst examples of predatory lending there ever was! They are currently facing over 500 class action lawsuit's, previous employee's are suieing, and so is the Federal Government, to the tune of 325mil! This company is destined to implode! Anyone foolish enough to rate this company with more than a negeative should be shot!

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Member Avatar gerrywordehoff (< 20) Submitted: 8/17/2007 4:43:36 PM : Underperform Start Price: $8.96 OCN Score: +63.45

Vendor lawsuits

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Member Avatar AHolesWin (< 20) Submitted: 4/27/2007 3:49:16 PM : Outperform Start Price: $14.47 OCN Score: -90.85

This company is one of the most amoral companies that I have found...Profit before People..They moved their call center to Mombi India to avoid Federal Trade Commission rules reguarding debt collection procedures.

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Member Avatar jordanbh (< 20) Submitted: 2/14/2007 4:23:52 PM : Outperform Start Price: $12.95 OCN Score: -89.11

cheap, efficient, oversold

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Member Avatar pixelgypsy (< 20) Submitted: 12/21/2006 3:32:32 PM : Outperform Start Price: $15.74 OCN Score: -103.00

low cost hard money loan service, they call from India and repo asap when not paid. They will make more money in a housing ression.

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Member Avatar bdbartle (< 20) Submitted: 10/27/2006 9:44:12 AM : Outperform Start Price: $16.03 OCN Score: -107.31

From my own stock screen

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Member Avatar Richter258 (< 20) Submitted: 10/2/2006 3:59:46 AM : Outperform Start Price: $14.92 OCN Score: -109.73

brazilian port operations: exposure to china growth/demand for commodities story. expanded port operation to be operational next year; will dramatically increase earnings

Results 1 - 16 of 16

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