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OCN 
Ocwen Financial Corporation (OCN)
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Upturn Advisory Summary
05/31/2024: OCN (1-star) is a SELL. SELL since 3 days. Profits (-8.50%). Updated daily EoD!
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit -4.11% | Avg. Invested days 41 | Today’s Advisory SELL |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 05/31/2024 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 195.87M USD | Price to earnings Ratio 33.89 | 1Y Target Price 40.67 |
Price to earnings Ratio 33.89 | 1Y Target Price 40.67 | ||
Volume (30-day avg) 15995 | Beta 1.93 | 52 Weeks Range 21.15 - 35.79 | Updated Date 07/24/2024 |
52 Weeks Range 21.15 - 35.79 | Updated Date 07/24/2024 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.74 |
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2024-08-01 | When Before Market | Estimate 1.3 | Actual - |
Profitability
Profit Margin 0.63% | Operating Margin (TTM) 56.34% |
Management Effectiveness
Return on Assets (TTM) 3.12% | Return on Equity (TTM) 1.56% |
Valuation
Trailing PE 33.89 | Forward PE - | Enterprise Value 11927064576 | Price to Sales(TTM) 0.17 |
Enterprise Value 11927064576 | Price to Sales(TTM) 0.17 | ||
Enterprise Value to Revenue 9.53 | Enterprise Value to EBITDA 45.69 | Shares Outstanding 7809620 | Shares Floating 5815510 |
Shares Outstanding 7809620 | Shares Floating 5815510 | ||
Percent Insiders 20.95 | Percent Institutions 51.5 |
AI Summary
Ocwen Financial Corporation: A Comprehensive Overview
Company Profile:
History and Background:
Ocwen Financial Corporation (OCN) is a residential mortgage loan servicer and originator based in West Palm Beach, Florida. Founded in 1988, the company initially focused on subprime mortgage servicing. Over the years, it expanded into other areas, including loan origination, reverse mortgage servicing, and asset management. Ocwen has faced numerous challenges, including regulatory scrutiny, lawsuits, and financial difficulties. However, it remains a significant player in the mortgage servicing industry.
Core Business Areas:
- Mortgage Servicing: Ocwen's primary business is servicing residential mortgages. This includes collecting payments, managing escrow accounts, and handling foreclosures.
- Loan Origination: Ocwen also originates mortgage loans through its retail and wholesale channels.
- Reverse Mortgage Servicing: The company services reverse mortgages, which allow homeowners to access equity in their homes without making monthly payments.
- Asset Management: Ocwen manages a portfolio of real estate assets, including REOs (real estate owned) and non-performing loans.
Leadership and Corporate Structure:
- Glenn R. Messina: President and CEO
- David H. Beck: Chief Operating Officer
- Heather A. Shanahan: Chief Financial Officer
- John P. Britti: Chief Legal Officer
- Mark A. Verbeek: Chief Risk Officer
Top Products and Market Share:
Top Products:
- Subprime Mortgage Servicing: Ocwen is a leading servicer of subprime mortgages, which are loans made to borrowers with lower credit scores.
- Reverse Mortgage Servicing: The company is a major player in the reverse mortgage market, with a significant share of the market.
- Non-QM Loan Origination: Ocwen originates non-QM loans, which are mortgages that don't meet the requirements of Fannie Mae and Freddie Mac.
Market Share:
- Mortgage Servicing: Ocwen has a market share of approximately 4% of the US mortgage servicing market.
- Reverse Mortgage Servicing: The company has a market share of approximately 10% of the US reverse mortgage servicing market.
- Non-QM Loan Origination: Ocwen's market share in the non-QM loan origination market is relatively small.
Product Performance and Market Reception:
- Mortgage Servicing: Ocwen's mortgage servicing business has been challenged by regulatory scrutiny and lawsuits. However, the company has made efforts to improve its servicing practices.
- Reverse Mortgage Servicing: Ocwen's reverse mortgage servicing business has been relatively stable.
- Non-QM Loan Origination: The non-QM loan origination market is niche but growing. Ocwen is well-positioned to capitalize on this growth.
Total Addressable Market:
The total addressable market for Ocwen's businesses is estimated to be over $1 trillion. This includes the US mortgage market, the reverse mortgage market, and the non-QM loan origination market.
Continued in next comment...
About NVIDIA Corporation
Exchange NYSE | Headquaters West Palm Beach, FL, United States | ||
IPO Launch date 1996-09-25 | CEO, President & Chair of the Board Mr. Glen A. Messina | ||
Sector Financial Services | Industry Mortgage Finance | Full time employees 4400 | Website https://www.ocwen.com |
Full time employees 4400 | Website https://www.ocwen.com | ||
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. It operates through, Servicing and Originations segments. The company provides commercial forward mortgage loan servicing, reverse mortgage servicing, special servicing, and asset management services for to owners of mortgage loans and foreclosed real estate, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans classified as loans. It also originates and purchases conventional and government-insured residential forward and reverse mortgage loans through its correspondent lending arrangements, broker relationships, and retail channels. It serves primarily under the PHH Mortgage and Liberty Reverse Mortgage brands. Ocwen Financial Corporation was founded in 1988 and is headquartered in West Palm Beach, Florida.
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