Ocwen Financial Corp (NYSE:OCN)

CAPS Rating: 3 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 - 15 of 15

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Member Avatar MKArch (99.74) Submitted: 9/10/2014 8:03:26 PM : Outperform Start Price: $27.77 OCN Score: -24.48

I'm not an expert on mortgage servicing however reading up on the basics of the industry while contemplating this pick and another for NSM they benefitted mightily from banks needing to get out of this industry due to new regulations and not wanting to deal with the headline risk associated with getting dead beats to pay their mortgage. Since servicers make their nut on a tiny slice of the interest on the loans the end of the refinancing booms helps keep loans in their portfolio and the improving economy and housing market mean less defaults. Except for politics it's an industry with the wind behind it.

On the negative side tight lending will mean less loans going forward and this is and industry directly in the cross hairs of the politicians and regulators looking to score political brownie points. New York's DFS is already investigating OCN which lead to a serious hair cut this year and my chance to add them to CAPS at a forward P/E under 10. My bet is even the extortionist in New York will eventually realize that you can't have your cake and eat it too... when you force financial companies to keep existing dead beat home owners in their homes, the cost is no loans to potential new home owners unless they have pristine credit. In the immortal words of someone "this too shall pass".

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Member Avatar jdarn39 (44.29) Submitted: 8/27/2014 9:13:42 PM : Outperform Start Price: $27.54 OCN Score: -23.95

earnings and revenue growth

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Member Avatar jyurow (58.58) Submitted: 10/29/2013 12:30:52 PM : Underperform Start Price: $58.42 OCN Score: +79.27

Increasing credit risks in mortgage market

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Member Avatar Borbality (50.84) Submitted: 2/1/2013 1:04:59 PM : Outperform Start Price: $39.75 OCN Score: -81.50

Adding some to watchlist based on screener

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Member Avatar kdakota630 (29.76) Submitted: 11/28/2008 7:48:34 PM : Underperform Start Price: $5.98 OCN Score: -199.26

Admittedly bad timing on my part... nonetheless riding it to zero.

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Member Avatar ScotSAK (< 20) Submitted: 5/21/2008 10:16:50 PM : Outperform Start Price: $6.19 OCN Score: +200.11

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: -392.82

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: +366.99

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: -73.07

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: -94.66

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: +5.17

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: +18.64

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: -15.43

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: -21.56

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: -17.40

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 - 15 of 15

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