Ocwen Financial (OCN) Provides Business Update on COVID-19 Impact; 'No Longer has Visibility to Reaffirm Previous Guidance'

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Go back to Ocwen Financial (OCN) Provides Business Update on COVID-19 Impact; 'No Longer has Visibility to Reaffirm Previous Guidance'

OCWEN FINANCIAL PROVIDES COMPANY UPDATE

April 3, 2020 6:45 AM EDT

Taking Decisive Action to Address COVID-19

Updating 2020 Earnings Guidance due to Evolving Business and Financial Implications of COVID-19

WEST PALM BEACH, Fla., April 03, 2020 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (Ocwen or the Company), a leading non-bank mortgage servicer and originator, today provided an update on its actions to address the COVID-19 pandemic, as well as its liquidity, mortgage originations, mortgage servicing rights (MSR) valuations and 2020 earnings guidance in the context of the COVID-19 pandemic.

Glen A. Messina, President... More