$0.31 -$0.07 (-18.4%)

04:15 PM EDT on 04/03/20

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.

Current Price $0.31 Mkt Cap $42.4M
Open $0.40 P/E Ratio 0.00
Prev. Close $0.31 Div. (Yield) $0.00 (0.0%)
Daily Range $0.28 - $0.40 Volume 661,206
52-Wk Range $0.28 - $1.78 Avg. Daily Vol. 2,178,900

Caps

This ticker is not currently Ratable.

Add Stock to CAPS Watchlist

All Players

139 Outperform
57 Underperform
 

All-Star Players

19 Outperform
18 Underperform
 

Wall Street

0 Outperform
0 Underperform
 

Top NYSE:OCN Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

Serendipity1987 (< 20)
Submitted February 01, 2015

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… More

jyurow (68.50)
Submitted October 29, 2013

Increasing credit risks in mortgage market

NYSE:OCN VS S&P 500 (SPY)

Fools bullish on NYSE:OCN are also bullish on:

Fools bearish on NYSE:OCN are also bearish on:

Recent Community Commentary

Read the most recent pitches from players about OCN.

Recs

0
Member Avatar chris293 (29.32) Submitted: 4/8/2016 3:07:42 PM : Underperform Start Price: $2.03 NYSE:OCN Score: +101.90

where and when is this company going to make money that is profit?

Recs

1
Member Avatar Serendipity1987 (< 20) Submitted: 2/1/2015 1:11:35 PM : Outperform Start Price: $6.12 NYSE:OCN Score: -118.93

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.

Recs

0
Member Avatar ChrisYungER (< 20) Submitted: 1/22/2015 11:20:23 PM : Outperform Start Price: $6.84 NYSE:OCN Score: -116.01

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.

Leaderboard

Find the members with the highest scoring picks in OCN.

Score Leader

FreeTutoringGrp

FreeTutoringGrp (32.11) Score: +344.11

The Score Leader is the player with the highest score across all their picks in OCN.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
FreeTutoringGrp 32.11 3/12/2009 Underperform 3M $8.62 -96.37% +247.74% +344.11 0 Comment
sara1985 97.31 4/6/2009 Underperform NS $11.75 -97.34% +200.85% +298.19 0 Comment
Collin757 < 20 4/23/2009 Underperform NS $10.89 -97.12% +197.75% +294.87 0 Comment
Paxtor 28.50 2/9/2009 Underperform 5Y $9.42 -96.68% +188.80% +285.48 0 Comment
SARG0N 27.92 12/8/2008 Underperform 5Y $8.20 -96.18% +177.99% +274.17 0 Comment
MLG100 28.82 5/8/2009 Underperform 5Y $12.99 -97.59% +170.13% +267.72 0 Comment
MarketBottom 29.04 10/9/2008 Underperform NS $6.35 -95.07% +162.59% +257.66 0 Comment
T5enterprise 75.67 7/27/2009 Underperform 5Y $13.59 -97.70% +154.74% +252.44 0 Comment
ati2ud 42.09 8/19/2009 Underperform NS $9.40 -96.67% +149.95% +246.62 0 Comment
starrider78 86.88 8/10/2009 Underperform 5Y $10.41 -96.99% +146.92% +243.91 0 Comment

Wall Street

See what the Wall Street professionals think, according to their public statements and filings.

There are no Wall Street tracker picks for OCN.