Welcome to our dedicated page for Ocwen Financial Corporation news (Ticker: OCN), a resource for investors and traders seeking the latest updates and insights on Ocwen Financial Corporation stock.
The OCN news page on Stock Titan provides an archive of announcements and disclosures related to Ocwen Financial Corporation, a non-bank mortgage servicer and originator that later rebranded as Onity Group Inc. and began trading on the NYSE under the symbol ONIT. These news items offer context on how the company described its mortgage servicing, subservicing and originations activities, as well as its strategic evolution and branding decisions.
News releases for OCN include company statements on financial results, business updates and strategic plans. Examples from the period before the name change highlight Ocwen’s focus on servicing performance, mortgage servicing rights management, originations activity, and its positioning as a non-bank mortgage servicer and originator operating through PHH Mortgage and Liberty Reverse Mortgage. Other announcements describe the intention to rebrand as Onity Group Inc., the shareholder approval of the name change, and the effective date for trading under the ONIT ticker.
After the rebranding, news under the Onity name continues to reference the same underlying business, including its role as a non-bank mortgage servicer and originator and its global operations footprint. For users analyzing historical developments, this page helps connect earlier Ocwen-branded communications with later Onity-branded updates that reference the same corporate entity.
Investors and researchers can use this OCN news archive to review how the company presented its mortgage servicing and originations strategy over time, how it described its transformation into a balanced and diversified mortgage company, and how the transition from OCN to ONIT was communicated. Bookmark this page as a starting point for historical news and then follow the ONIT symbol for ongoing announcements from Onity Group Inc.
Finance of America (NYSE: FOA) agreed to acquire the HECM servicing portfolio, select reverse mortgage assets and pipeline from PHH Mortgage, a subsidiary of Onity (NYSE: ONIT), in an all-cash transaction announced November 18, 2025.
The deal includes onboarding select PHH origination staff and a subservicing agreement with PHH for continuity. Finance of America said the transaction will be immediately accretive to earnings, Adjusted EPS, and cash flow, and the purchase price will be funded primarily by warehouse and asset-level financing plus available liquidity. Boards of both companies approved the transaction; close is expected in Q1 2026, subject to regulatory approvals and customary conditions.
The companies plan to expand distribution of Finance of America’s HomeSafe Second product to PHH’s tens of thousands of eligible forward mortgage customers.
Blend Labs (NYSE: BLND) has announced a strategic partnership with PHH Mortgage, a subsidiary of Onity Group Inc., to modernize their home lending operations. The collaboration involves implementing Blend's Mortgage Suite, which includes the Loan Officer Toolkit and Blend Close features. The partnership aims to enhance borrower experience, reduce loan cycle times, and improve operational efficiency through automation of manual processes.
PHH Mortgage selected Blend for its comprehensive and integrated solutions that streamline document collection and enable digital closings within a single platform. According to HMDA data, 20 of the top 50 mortgage originators use Blend's platform as of September 30, 2024, highlighting the company's significant market presence.
On June 10, 2024, Ocwen Financial officially rebranded as Onity Group, with the NYSE trading symbol changing to ‘ONIT’. The rebranding marks the company’s transformation into a balanced and diversified business with a strong servicing platform, multi-channel originations, asset management capabilities, and a technology-enabled global platform. The name change underscores the company’s commitment to delivering results and creating success for its customers and stakeholders. Onity’s primary brands, PHH Mortgage and Liberty Reverse Mortgage, will rebrand to Onity Mortgage in the fall.
Ocwen Financial (NYSE: OCN) has received shareholder approval to rebrand as Onity Group, effective June 10, 2024, with the new NYSE trading symbol “ONIT”. This rebranding aligns with the company's transformation and cultural evolution. PHH Mortgage will also be rebranded as Onity Mortgage in the fall of 2024.
Glen A. Messina, CEO, expressed excitement about the rebranding, emphasizing its reflection of their confidence in business capabilities and commitment to stakeholders. The company's CUSIP number remains unchanged, and no shareholder action is required. The name change follows an earlier announcement made on April 3, 2024.
Ocwen Financial reported a strong first quarter in 2024 with a net income of $30 million and diluted earnings per share of $3.74. The company achieved an annualized return on equity of 29% and adjusted pre-tax income of $14 million. Moody’s Ratings upgraded the corporate family rating to B3 in April 2024. Ocwen announced plans to rebrand as Onity Group Inc. and begin trading under the stock symbol “ONIT” in June, subject to shareholder approval. The company reported total ending servicing UPB of $302 billion, ending subservicing UPB of $169 billion, and total liquidity of $219 million as of March 31, 2024. Ocwen reduced GAAP operating expenses by $9.7 million and increased the mix of higher margin products to 41% of owned MSR originations compared to the previous year. The company's book value per share was $56 as of March 31, 2024.
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