About
About Ocwen Financial Corporation
Ocwen Financial Corporation, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. The company operates through Servicing and Lending segments. It provides commercial mortgage loan servicing, special servicing, and asset management services, as well as residential mortgage loan servicing, such as conventional, government-insured, and non-agency loans to owners of mortgage loans and foreclosed real estate. The company also originates and purchases conventional and government-insured residential forward and reverse mortgage loans through its correspondent lending arrangements, broker relationships, and retail channels of reverse mortgage lending. Ocwen Financial Corporation was founded in 1988 and is headquartered in West Palm Beach, Florida.
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5 years, 5 months ago
Ocwen Financial Corporation is currently in a long term downtrend where the price is trading 26.8% below its 200 day moving average.
From a valuation standpoint, the stock is 99.5% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 0.2.
Ocwen Financial Corporation's total revenue sank by 12.2% to $249M since the same quarter in the previous year.
Its net income has increased by 78.0% to $-9M since the same quarter in the previous year.
Finally, its free cash flow fell by 129.5% to $-12M since the same quarter in the previous year.
Based on the above factors, Ocwen Financial Corporation gets an overall score of 2/5.