Ocwen Financial Corporation(NYSE:OCN)
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 Originations segments. It provides commercial mortgage loan servicing, spec...
Website: http://www.ocwen.com
Founded: 1988
Full Time Employees: 5,200
Sector: Financial Services
Industry: Mortgage Finance
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Quarterly
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| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-06-30 | 2016-12-31 | 2016-06-30 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2009-12-31 | 2009-06-30 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2007-09-30 |
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revenue | ||||||||||||||||||||||||||||||||||||||||
yoy | ||||||||||||||||||||||||||||||||||||||||
qoq | ||||||||||||||||||||||||||||||||||||||||
servicing and subservicing fees | 225,100,000 | 217,500,000 | 211,300,000 | 203,300,000 | 206,000,000 | 211,100,000 | 210,800,000 | 239,800,000 | 237,800,000 | 237,600,000 | 232,200,000 | 219,284,000 | 215,562,000 | 215,131,000 | 212,623,000 | 219,177,000 | 206,585,000 | 184,441,000 | 171,738,000 | 175,240,000 | 211,483,000 | 232,748,000 | 247,714,000 | 255,863,000 | 213,730,000 | 222,227,000 | 222,138,000 | 255,801,000 | 307,262,000 | 112,611,000 | 95,837,000 | 102,505,000 | 65,488,000 | 77,826,000 | 91,298,000 | 100,688,000 | 99,093,000 | |||
gain on reverse loans held for investment and hmbs-related borrowings | 12,175,000 | 13,000,000 | 11,900,000 | 23,800,000 | 600,000 | 18,000,000 | 8,500,000 | 25,200,000 | -400,000 | 700,000 | 21,200,000 | |||||||||||||||||||||||||||||
gain on loans held for sale | 36,700,000 | 34,100,000 | 10,400,000 | 11,800,000 | 5,800,000 | 25,800,000 | 16,500,000 | 4,300,000 | 8,200,000 | 25,300,000 | 2,800,000 | 5,335,000 | 18,931,000 | 940,000 | -3,206,000 | 37,619,000 | 59,702,000 | 42,713,000 | 5,721,000 | 33,547,000 | 13,331,000 | -10,383,000 | 16,013,000 | 17,595,000 | 16,942,000 | 24,393,000 | 19,800,000 | 28,255,000 | 27,857,000 | |||||||||||
other revenue | 18,200,000 | 15,700,000 | 13,000,000 | 10,900,000 | 12,400,000 | 10,800,000 | 10,600,000 | 8,000,000 | 10,000,000 | 8,500,000 | 5,600,000 | 7,116,000 | 8,344,000 | 8,704,000 | 9,036,000 | 13,649,000 | 11,779,000 | 8,990,000 | 8,309,000 | 4,478,000 | 6,231,000 | -47,040,000 | 19,788,000 | 30,430,000 | ||||||||||||||||
total revenue | 290,000,000 | 280,300,000 | 246,600,000 | 249,800,000 | 224,800,000 | 265,700,000 | 246,400,000 | 277,300,000 | 255,500,000 | 272,000,000 | 261,800,000 | 250,456,000 | 249,722,000 | 222,159,000 | 231,563,000 | 293,959,000 | 283,101,000 | 265,445,000 | 207,594,000 | 227,024,000 | 253,842,000 | 261,634,000 | 283,515,000 | 303,888,000 | 238,278,000 | 253,581,000 | 260,257,000 | 311,300,000 | 373,054,000 | 122,462,000 | 105,837,000 | 111,006,000 | 109,179,000 | 111,391,000 | 121,261,000 | 131,225,000 | 125,452,000 | |||
msr valuation adjustments | -58,700,000 | -45,000,000 | -27,300,000 | -38,900,000 | -20,400,000 | -31,500,000 | -32,700,000 | -98,000,000 | -16,400,000 | -48,900,000 | -69,000,000 | -201,389,000 | 95,159,000 | 33,198,000 | 62,632,000 | -52,338,000 | -6,320,000 | -72,450,000 | 21,208,000 | -23,434,000 | -174,120,000 | -242,581,000 | -134,561,000 | 108,998,000 | 41,448,000 | 33,118,000 | 17,129,000 | |||||||||||||
operating expenses | ||||||||||||||||||||||||||||||||||||||||
compensation and benefits | 70,900,000 | 63,300,000 | 60,900,000 | 57,400,000 | 64,400,000 | 59,500,000 | 55,000,000 | 57,800,000 | 55,700,000 | 57,700,000 | 58,000,000 | 66,198,000 | 71,320,000 | 83,879,000 | 68,003,000 | 88,534,000 | 68,960,000 | 72,172,000 | 68,281,000 | 65,017,000 | 60,728,000 | 63,115,000 | 73,414,000 | 94,696,000 | 63,307,000 | 69,838,000 | 78,075,000 | 90,411,000 | 98,422,000 | 29,067,000 | 15,253,000 | 14,787,000 | 27,254,000 | 28,982,000 | 33,726,000 | 32,120,000 | 30,261,000 | |||
servicing and origination | 17,300,000 | 15,600,000 | 13,000,000 | 13,000,000 | 12,300,000 | 11,100,000 | 13,900,000 | 8,500,000 | 15,500,000 | 17,600,000 | 15,700,000 | 12,636,000 | 18,998,000 | 19,099,000 | 14,167,000 | 31,583,000 | 27,932,000 | 26,642,000 | 27,470,000 | 17,361,000 | 20,256,000 | 22,180,000 | 36,619,000 | 28,698,000 | 31,758,000 | 28,276,000 | 31,418,000 | 64,516,000 | 89,987,000 | 1,969,000 | 1,301,000 | 1,922,000 | 15,835,000 | 15,362,000 | 11,540,000 | 11,638,000 | 16,738,000 | |||
technology and communications | 17,700,000 | 15,900,000 | 15,500,000 | 15,000,000 | 14,000,000 | 13,200,000 | 13,000,000 | 13,000,000 | 13,100,000 | 13,000,000 | 13,400,000 | 13,917,000 | 14,380,000 | 14,691,000 | 14,912,000 | 14,971,000 | 14,737,000 | 13,170,000 | 13,143,000 | 16,111,000 | 15,193,000 | 18,086,000 | 16,644,000 | 24,435,000 | 20,597,000 | 23,906,000 | 22,803,000 | 24,254,000 | 32,709,000 | 8,529,000 | 6,373,000 | 6,872,000 | 4,481,000 | 4,614,000 | 6,022,000 | 6,421,000 | 6,247,000 | |||
professional services | 18,500,000 | 18,300,000 | 8,400,000 | 22,600,000 | 12,500,000 | 17,300,000 | 10,700,000 | 12,400,000 | 13,500,000 | -16,900,000 | 13,300,000 | 11,251,000 | 17,196,000 | 8,686,000 | 12,167,000 | 20,645,000 | 18,379,000 | 25,544,000 | 17,322,000 | 23,818,000 | 25,637,000 | 25,433,000 | 36,628,000 | 3,441,000 | 40,662,000 | 32,389,000 | 37,770,000 | 65,405,000 | 121,399,000 | 5,075,000 | 3,270,000 | 2,384,000 | 8,208,000 | 7,557,000 | 5,973,000 | 6,336,000 | 5,852,000 | |||
occupancy, equipment and mailing | 8,200,000 | 9,100,000 | 8,100,000 | 8,200,000 | 8,300,000 | 7,900,000 | 7,500,000 | |||||||||||||||||||||||||||||||||
other expenses | 3,900,000 | 3,600,000 | 3,700,000 | 3,600,000 | 4,100,000 | 3,400,000 | 3,900,000 | 4,300,000 | 4,600,000 | 5,100,000 | 4,900,000 | 5,922,000 | 7,118,000 | 8,358,000 | 7,702,000 | 7,884,000 | 6,466,000 | 4,395,000 | 4,561,000 | 6,366,000 | 3,431,000 | -5,089,000 | -1,282,000 | 3,248,000 | ||||||||||||||||
total operating expenses | 136,500,000 | 125,800,000 | 109,500,000 | 119,900,000 | 115,700,000 | 112,400,000 | 104,000,000 | 103,700,000 | 110,000,000 | 84,300,000 | 114,100,000 | 119,603,000 | 141,408,000 | 144,371,000 | 127,018,000 | 174,454,000 | 145,436,000 | 149,808,000 | 139,629,000 | 144,809,000 | 137,214,000 | 65,650,000 | 42,254,000 | 41,199,000 | 72,650,000 | 76,556,000 | 77,458,000 | 83,822,000 | 94,138,000 | |||||||||||
other income | -87,100,000 | -86,500,000 | -87,000,000 | -81,900,000 | -122,400,000 | -94,100,000 | -96,200,000 | -121,300,000 | -119,700,000 | -39,967,000 | -21,481,000 | |||||||||||||||||||||||||||||
interest income | 39,400,000 | 37,600,000 | 32,100,000 | 26,200,000 | 28,800,000 | 24,500,000 | 22,500,000 | 17,800,000 | 25,900,000 | 20,300,000 | 14,100,000 | 15,010,000 | 13,732,000 | 9,746,000 | 7,112,000 | 10,381,000 | 7,869,000 | 4,188,000 | 3,936,000 | 3,566,000 | 5,395,000 | 4,580,000 | 4,129,000 | 4,558,000 | 3,963,000 | 3,355,000 | 2,700,000 | 4,239,000 | 5,140,000 | 2,186,000 | 2,289,000 | 2,169,000 | 2,254,000 | 3,204,000 | 3,448,000 | 3,231,000 | 5,316,000 | |||
interest expense | -83,000,000 | -82,900,000 | -75,600,000 | -67,000,000 | -74,300,000 | -74,200,000 | -73,100,000 | -68,800,000 | -74,300,000 | -68,300,000 | -62,300,000 | -59,869,000 | -50,395,000 | -37,861,000 | -37,875,000 | -41,377,000 | -40,623,000 | -33,516,000 | -28,452,000 | -26,760,000 | -29,982,000 | 273,809,000 | -285,922,000 | -70,445,000 | -61,288,000 | -77,503,000 | -50,810,000 | -81,128,000 | -91,033,000 | -27,658,000 | -21,813,000 | -37,543,000 | -17,300,000 | -19,126,000 | -18,418,000 | -20,242,000 | -17,533,000 | |||
pledged msr liability expense | -42,900,000 | -41,700,000 | -43,000,000 | -41,900,000 | -42,100,000 | -42,300,000 | -46,100,000 | -76,500,000 | -76,500,000 | -73,000,000 | -70,300,000 | 37,616,000 | -131,635,000 | -74,083,000 | -86,897,000 | -41,081,000 | -91,160,000 | -39,810,000 | -37,850,000 | -41,686,000 | -6,594,000 | |||||||||||||||||||
gain on extinguishment of debt | -51,200,000 | 300,000 | 100,000 | 1,200,000 | -14,000 | 947,000 | ||||||||||||||||||||||||||||||||||
earnings of equity method investee | 16,200,000 | 800,000 | 3,100,000 | 1,400,000 | 2,800,000 | 2,900,000 | 300,000 | -781,000 | 3,346,000 | 3,932,000 | 12,003,000 | 2,338,000 | 932,000 | 350,000 | ||||||||||||||||||||||||||
other | -600,000 | 500,000 | -400,000 | 900,000 | 100,000 | -3,300,000 | -2,700,000 | 4,700,000 | 1,300,000 | -4,400,000 | 1,200,000 | -264,000 | -5,538,000 | -4,237,000 | -162,000 | -1,464,000 | 1,900,000 | 3,364,000 | 290,000 | -57,000 | 1,328,000 | 7,348,000 | -414,000 | 1,305,000 | 7,606,000 | 6,961,000 | 18,319,000 | 27,244,000 | 13,446,000 | -1,238,000 | -727,000 | 830,000 | 2,990,000 | -171,000 | -201,000 | 1,199,000 | -8,921,000 | |||
income before income taxes | 7,700,000 | 23,100,000 | 22,800,000 | 9,100,000 | -33,600,000 | 27,600,000 | 13,500,000 | -45,600,000 | 9,500,000 | 16,300,000 | -38,300,000 | -78,838,000 | 32,983,000 | 9,430,000 | 61,325,000 | -4,036,000 | 10,263,000 | -22,237,000 | 11,639,000 | -6,156,000 | -87,345,000 | -40,933,500 | -38,317,000 | -41,084,000 | -40,273,000 | -28,405,000 | 4,965,000 | -41,608,000 | -96,398,000 | 41,036,000 | 34,489,000 | 9,833,000 | ||||||||
income tax expense | -119,500,000 | 4,400,000 | 1,300,000 | -13,000,000 | -5,600,000 | 6,300,000 | 3,000,000 | 1,800,000 | 1,000,000 | 900,000 | 1,900,000 | -409,250 | -3,956,000 | -924,000 | 3,243,000 | 3,096,000 | -8,110,000 | -61,856,000 | 2,370,000 | 4,450,000 | 3,410,000 | 845,000 | 1,348,000 | 2,348,000 | 2,828,000 | -9,180,000 | 8,730,000 | 14,653,000 | 12,425,000 | 9,472,000 | 652,000 | 8,662,000 | 2,143,000 | 3,882,000 | ||||||
net income | 127,200,000 | 18,700,000 | 21,500,000 | 22,100,000 | -28,100,000 | 21,400,000 | 10,500,000 | -47,500,000 | 8,500,000 | 15,500,000 | -40,200,000 | -79,675,000 | 36,939,000 | 10,354,000 | 58,082,000 | -1,695,000 | 21,552,000 | -10,322,000 | 8,543,000 | 1,954,000 | -25,489,000 | 34,873,000 | -42,767,000 | -44,494,000 | -41,118,000 | -29,753,000 | 2,617,000 | -44,436,000 | -87,218,000 | 20,221,000 | 26,383,000 | 22,064,000 | 17,925,000 | -3,685,000 | 15,561,000 | 111,000 | 5,951,000 | |||
yoy | -552.67% | -12.62% | 104.76% | -146.53% | -430.59% | 38.06% | -126.12% | -40.38% | -76.99% | 49.70% | -169.21% | 4600.59% | 71.39% | -200.31% | 579.88% | 1002.97% | -59.50% | -75.50% | -104.39% | -38.01% | -217.21% | -1734.20% | 0.13% | -65.89% | -87.06% | -268.43% | 12.81% | -815.96% | 41.79% | 201.21% | ||||||||||
qoq | 580.21% | -13.02% | -2.71% | -178.65% | -231.31% | 103.81% | -122.11% | -658.82% | -45.16% | -138.56% | -49.55% | -315.69% | 256.76% | -82.17% | -3526.67% | -107.86% | -308.80% | -220.82% | -107.67% | -173.09% | -181.54% | -3.88% | 8.21% | 38.20% | -1236.91% | -105.89% | -531.32% | -23.36% | 19.57% | -586.43% | -123.68% | 13918.92% | -98.13% | |||||||
net income margin % | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | -Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | -Infinity% | Infinity% | NaN% | Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | NaN% | -Infinity% | Infinity% | Infinity% | Infinity% | NaN% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% |
preferred stock dividend | -1,100,000 | -1,000,000 | -1,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders | 126,200,000 | 17,700,000 | 20,500,000 | 21,100,000 | ||||||||||||||||||||||||||||||||||||
earnings per share attributable to common stockholders | ||||||||||||||||||||||||||||||||||||||||
basic | 15.65 | 2.19 | 2.55 | 2.68 | -3.67 | 2.72 | 1.34 | -6.21 | 1.1 | 2.02 | -5.34 | -8.74 | 4.33 | 1.12 | 6.3 | -0.21 | 2.35 | -1.15 | 0.98 | 0.02 | -0.71 | 0.26 | 0.22 | 0.1 | ||||||||||||||||
diluted | 14.54 | 2.03 | 2.4 | 2.5 | -3.61 | 2.65 | 1.33 | -6.21 | 1.05 | 1.95 | -5.34 | -8.49 | 4.17 | 1.11 | 6.01 | -0.2 | 2.29 | -1.15 | 0.96 | 0.02 | -0.71 | 0.25 | 0.21 | 0.09 | ||||||||||||||||
weighted-average common shares outstanding | ||||||||||||||||||||||||||||||||||||||||
basic | 8,035,942 | 8,055,262 | 8,021,182 | 7,873,989 | 7,816,093 | 7,860,572 | 7,821,128 | 7,635,584 | 7,677,008 | 7,652,563 | 7,533,561 | 8,647,399 | 8,530,209 | 9,257,089 | 9,215,122 | 9,021,975 | 9,189,030 | 8,999,544 | 8,688,009 | 8,748,725 | 129,769,092 | 134,444,402 | 133,918,986 | 133,912,425 | 133,856,132 | 133,121,465 | 124,582,280 | 123,990,700 | 123,893,752 | 101,016,777 | 100,762,446 | 78,252,000 | 67,316,446 | 62,670,957 | 62,715,551 | 62,682,783 | 62,505,269 | |||
diluted | 8,637,309 | 8,717,597 | 8,534,627 | 8,436,874 | 8,087,535 | 8,055,393 | 7,918,672 | 7,635,584 | 8,060,078 | 7,919,587 | 7,533,561 | 8,997,306 | 8,866,925 | 9,366,606 | 9,661,567 | 9,382,467 | 9,401,858 | 8,999,544 | 8,877,492 | 8,748,725 | 129,922,343 | 134,444,402 | 133,918,986 | 133,912,425 | 133,856,132 | 134,606,929 | 124,582,280 | 123,990,700 | 123,893,752 | 108,273,444 | 107,777,775 | 78,252,000 | 72,854,415 | 62,935,314 | 69,750,889 | 62,892,868 | 71,130,040 | |||
earnings per share | ||||||||||||||||||||||||||||||||||||||||
basic | 15.65 | 2.19 | 2.55 | 2.68 | -3.67 | 2.72 | 1.34 | -6.21 | 1.1 | 2.02 | -5.34 | -8.74 | 4.33 | 1.12 | 6.3 | -0.21 | 2.35 | -1.15 | 0.98 | 0.02 | -0.71 | 0.26 | 0.22 | 0.1 | ||||||||||||||||
diluted | 14.54 | 2.03 | 2.4 | 2.5 | -3.61 | 2.65 | 1.33 | -6.21 | 1.05 | 1.95 | -5.34 | -8.49 | 4.17 | 1.11 | 6.01 | -0.2 | 2.29 | -1.15 | 0.96 | 0.02 | -0.71 | 0.25 | 0.21 | 0.09 | ||||||||||||||||
occupancy and equipment | 6,050,000 | 7,700,000 | 7,700,000 | 8,800,000 | 9,679,000 | 12,396,000 | 9,658,000 | 10,067,000 | 10,837,000 | 8,962,000 | 7,885,000 | 8,852,000 | 16,136,000 | 11,969,000 | 15,596,000 | 17,262,000 | 16,589,000 | 11,896,000 | 12,859,000 | 12,614,000 | 16,480,000 | 20,708,000 | 6,720,000 | 4,153,000 | 4,130,000 | 4,818,000 | 5,507,000 | 5,131,000 | 5,807,000 | 7,163,000 | ||||||||||
total other income | -122,500,000 | -117,000,000 | -8,302,000 | -170,490,000 | -101,556,000 | -105,852,000 | ||||||||||||||||||||||||||||||||||
reverse mortgage revenue | 4,344,750 | 6,885,000 | -2,616,000 | 13,110,000 | 23,514,000 | 5,035,000 | 29,301,000 | 21,826,000 | 13,759,000 | 22,797,000 | ||||||||||||||||||||||||||||||
loss on extinguishment of debt | -33,000 | -3,864,500 | -15,458,000 | |||||||||||||||||||||||||||||||||||||
total other expense | -66,010,000 | -121,082,000 | -65,424,000 | -77,534,000 | -64,937,000 | -29,853,000 | -85,899,000 | -277,108,000 | -64,867,000 | -61,025,000 | -76,336,000 | -48,791,000 | -72,428,000 | -84,434,000 | ||||||||||||||||||||||||||
income tax benefit | -5,027,000 | -11,289,000 | -11,915,000 | |||||||||||||||||||||||||||||||||||||
pro forma earnings per share assuming a one-for-15 reverse stock split | ||||||||||||||||||||||||||||||||||||||||
basic | 0.23 | |||||||||||||||||||||||||||||||||||||||
diluted | 0.23 | |||||||||||||||||||||||||||||||||||||||
loss per share attributable to ocwen stockholders | ||||||||||||||||||||||||||||||||||||||||
basic and diluted | -0.19 | -0.33 | -0.32 | |||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding | ||||||||||||||||||||||||||||||||||||||||
basic and diluted | 134,858,837 | 134,595,798 | ||||||||||||||||||||||||||||||||||||||
expenses | ||||||||||||||||||||||||||||||||||||||||
total expenses | 164,080,750 | 44,724,000 | 280,105,000 | 217,526,000 | 205,650,000 | 206,501,000 | 280,480,000 | 385,018,000 | ||||||||||||||||||||||||||||||||
gain on repurchase of senior secured notes | 5,099,000 | |||||||||||||||||||||||||||||||||||||||
bargain purchase gain | -285,000 | |||||||||||||||||||||||||||||||||||||||
net income attributable to non-controlling interests | -29,000 | -78,000 | -69,000 | -71,000 | -160,000 | |||||||||||||||||||||||||||||||||||
net loss attributable to ocwen stockholders | 34,873,000 | -42,767,000 | -41,147,000 | -29,831,000 | -44,507,000 | |||||||||||||||||||||||||||||||||||
net income attributable to ocwen stockholders | -44,494,000 | 2,548,000 | -87,378,000 | |||||||||||||||||||||||||||||||||||||
income per share attributable to ocwen stockholders | ||||||||||||||||||||||||||||||||||||||||
basic | -0.33 | 0.02 | ||||||||||||||||||||||||||||||||||||||
diluted | -0.33 | 0.02 | ||||||||||||||||||||||||||||||||||||||
gain on sale of mortgage servicing rights | -733,000 | 78,000 | 958,000 | 1,033,000 | 853,000 | |||||||||||||||||||||||||||||||||||
loss per share attributable to ocwen stockholders | ||||||||||||||||||||||||||||||||||||||||
basic | -0.31 | -0.22 | -0.36 | |||||||||||||||||||||||||||||||||||||
diluted | -0.31 | -0.22 | -0.36 | |||||||||||||||||||||||||||||||||||||
amortization of mortgage servicing rights | 12,697,000 | 8,347,000 | 11,210,000 | 9,926,000 | 8,923,000 | |||||||||||||||||||||||||||||||||||
other revenues | 37,935,000 | 636,000 | 860,000 | 705,000 | 3,605,000 | 2,115,000 | 2,510,000 | 3,146,000 | 3,116,000 | |||||||||||||||||||||||||||||||
earnings per share attributable to ocwen stockholders | ||||||||||||||||||||||||||||||||||||||||
basic | 15.65 | 2.19 | 2.55 | 2.68 | -3.67 | 2.72 | 1.34 | -6.21 | 1.1 | 2.02 | -5.34 | -8.74 | 4.33 | 1.12 | 6.3 | -0.21 | 2.35 | -1.15 | 0.98 | 0.02 | -0.71 | 0.26 | 0.22 | 0.1 | ||||||||||||||||
diluted | 14.54 | 2.03 | 2.4 | 2.5 | -3.61 | 2.65 | 1.33 | -6.21 | 1.05 | 1.95 | -5.34 | -8.49 | 4.17 | 1.11 | 6.01 | -0.2 | 2.29 | -1.15 | 0.96 | 0.02 | -0.71 | 0.25 | 0.21 | 0.09 | ||||||||||||||||
process management fees | 9,215,000 | 9,140,000 | 7,796,000 | 40,086,000 | 31,450,000 | 27,453,000 | 27,391,000 | 23,243,000 | ||||||||||||||||||||||||||||||||
other operating expenses | 3,080,000 | 1,978,000 | 2,181,000 | 3,511,000 | 2,785,000 | 2,960,000 | 6,908,000 | 5,855,000 | ||||||||||||||||||||||||||||||||
income from operations | 56,812,000 | 63,583,000 | 69,807,000 | 36,529,000 | 34,835,000 | 43,803,000 | 47,403,000 | 31,314,000 | ||||||||||||||||||||||||||||||||
yoy | 55.53% | 82.53% | 59.37% | 16.65% | ||||||||||||||||||||||||||||||||||||
qoq | -10.65% | -8.92% | 4.86% | -20.47% | -7.59% | 51.38% | ||||||||||||||||||||||||||||||||||
operating margin % | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | Infinity% | Infinity% | Infinity% | NaN% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% |
loss on trading securities | ||||||||||||||||||||||||||||||||||||||||
loss on loans held for resale | -1,011,000 | -1,616,000 | -904,000 | -2,987,000 | -5,984,000 | -674,000 | -3,373,000 | -2,474,000 | ||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated entities | -140,000 | -680,000 | 130,000 | -2,482,000 | -2,928,000 | 3,537,000 | ||||||||||||||||||||||||||||||||||
other expense | -27,861,000 | -22,547,000 | -35,318,000 | -10,184,000 | -37,673,000 | -19,394,000 | ||||||||||||||||||||||||||||||||||
income from continuing operations before taxes | 28,951,000 | |||||||||||||||||||||||||||||||||||||||
income from continuing operations | 20,221,000 | 16,873,000 | -3,490,000 | 15,747,000 | 5,293,000 | |||||||||||||||||||||||||||||||||||
income from discontinued operations, net of taxes | ||||||||||||||||||||||||||||||||||||||||
net loss attributable to non-controlling interests | 7,000 | |||||||||||||||||||||||||||||||||||||||
net income attributable to ocn | 20,228,000 | |||||||||||||||||||||||||||||||||||||||
basic earnings per share | ||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | ||||||||||||||||||||||||||||||||||||||||
diluted earnings per share | ||||||||||||||||||||||||||||||||||||||||
net loss attributable to non-controlling interest in subsidiaries | -5,000 | 10,000 | ||||||||||||||||||||||||||||||||||||||
net income attributable to ocwen financial corporation | 26,378,000 | 22,074,000 | 17,830,000 | |||||||||||||||||||||||||||||||||||||
earnings per share attributable to ocwen financial corporation | ||||||||||||||||||||||||||||||||||||||||
basic | 15.65 | 2.19 | 2.55 | 2.68 | -3.67 | 2.72 | 1.34 | -6.21 | 1.1 | 2.02 | -5.34 | -8.74 | 4.33 | 1.12 | 6.3 | -0.21 | 2.35 | -1.15 | 0.98 | 0.02 | -0.71 | 0.26 | 0.22 | 0.1 | ||||||||||||||||
diluted | 14.54 | 2.03 | 2.4 | 2.5 | -3.61 | 2.65 | 1.33 | -6.21 | 1.05 | 1.95 | -5.34 | -8.49 | 4.17 | 1.11 | 6.01 | -0.2 | 2.29 | -1.15 | 0.96 | 0.02 | -0.71 | 0.25 | 0.21 | 0.09 | ||||||||||||||||
weighted average common shares outstanding | ||||||||||||||||||||||||||||||||||||||||
basic | 100,943,402 | |||||||||||||||||||||||||||||||||||||||
diluted | 108,110,588 | |||||||||||||||||||||||||||||||||||||||
gain on trading securities | 5,435,000 | -13,114,000 | -621,000 | -9,722,000 | -1,406,000 | |||||||||||||||||||||||||||||||||||
amortization of servicing rights | 8,543,000 | 11,749,000 | 12,106,000 | 14,592,000 | 22,022,000 | |||||||||||||||||||||||||||||||||||
gain on debt repurchases | 3,595,000 | |||||||||||||||||||||||||||||||||||||||
equity in losses of unconsolidated entities | -576,000 | -14,655,000 | ||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes | 26,345,000 | -2,838,000 | 24,409,000 | 7,436,000 | ||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of income taxes | 1,052,000 | |||||||||||||||||||||||||||||||||||||||
net income attributable to minority interest in subsidiaries | -95,000 | |||||||||||||||||||||||||||||||||||||||
income from continuing operations attributable to ocn common shareholders | 0.25 | |||||||||||||||||||||||||||||||||||||||
income from discontinued operations attributable to ocn common shareholders | 0.01 | |||||||||||||||||||||||||||||||||||||||
net income attributable to ocn common shareholders | 0.26 | |||||||||||||||||||||||||||||||||||||||
loss from discontinued operations, net of income taxes | -1,393,000 | -186,000 | -5,182,000 | |||||||||||||||||||||||||||||||||||||
loss from discontinued operations | -0.08 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-06-30 | 2019-09-30 | 2017-06-30 | 2016-12-31 | 2016-06-30 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2009-12-31 | 2009-06-30 | 2007-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||
cash and cash equivalents | 180,500,000 | 172,800,000 | 194,300,000 | 178,000,000 | 184,800,000 | 201,600,000 | 203,100,000 | 201,600,000 | 194,000,000 | 213,400,000 | 216,600,000 | 226,570,000 | 255,885,000 | 268,691,000 | 192,792,000 | 236,072,000 | 243,582,000 | 259,108,000 | 284,802,000 | 313,736,000 | 345,084,000 | |||||||||
restricted cash | 84,100,000 | 98,400,000 | 62,300,000 | 58,900,000 | 80,800,000 | 78,500,000 | 46,300,000 | 53,500,000 | 71,800,000 | 119,100,000 | 39,300,000 | 45,269,000 | 66,690,000 | 76,294,000 | 70,654,000 | 85,277,000 | 67,918,000 | 77,319,000 | 72,463,000 | 63,813,000 | 58,661,000 | |||||||||
mortgage servicing rights (msrs), at fair value | 2,825,300,000 | 2,762,900,000 | 2,632,600,000 | 2,547,400,000 | 2,466,300,000 | 2,223,600,000 | 2,327,700,000 | 2,272,200,000 | 2,859,800,000 | 2,675,700,000 | 2,580,600,000 | 2,714,225,000 | 2,485,679,000 | 2,323,281,000 | 2,176,260,000 | 2,072,518,000 | 1,400,217,000 | 1,044,914,000 | ||||||||||||
advances | 483,400,000 | 435,100,000 | 461,400,000 | 514,000,000 | 577,200,000 | 522,700,000 | 550,600,000 | 678,800,000 | 564,600,000 | 602,700,000 | 656,900,000 | 642,461,000 | 647,167,000 | 729,973,000 | 772,433,000 | 739,596,000 | 761,973,000 | 786,678,000 | 828,239,000 | 901,009,000 | 212,684,000 | 219,214,000 | 257,882,000 | 329,228,000 | 118,872,000 | 167,261,000 | 174,842,000 | 145,914,000 | 153,732,000 | 350,997,000 |
loans held for sale, at fair value | 1,891,700,000 | 1,915,600,000 | 2,048,300,000 | 1,402,200,000 | ||||||||||||||||||||||||||
reverse loans held for sale pooled into home equity conversion mortgage backed securities (hmbs), at fair value | 9,807,500,000 | |||||||||||||||||||||||||||||
loans held for investment, at fair value | 10,117,400,000 | 10,470,800,000 | 10,812,500,000 | 11,125,300,000 | 8,331,500,000 | 8,227,800,000 | 7,975,500,000 | 7,783,500,000 | 7,680,700,000 | 7,669,000,000 | 7,402,285,000 | 7,383,817,000 | 7,459,277,000 | 7,207,641,000 | 7,108,730,000 | 7,120,953,000 | 7,053,194,000 | 7,006,897,000 | 6,730,656,000 | 6,073,687,000 | 4,223,776,000 | |||||||||
receivables | 189,800,000 | 167,400,000 | 204,600,000 | 222,300,000 | 176,400,000 | 172,200,000 | 153,400,000 | 154,800,000 | 164,700,000 | 188,600,000 | 200,200,000 | 170,838,000 | 178,480,000 | 213,460,000 | 180,707,000 | 183,090,000 | 165,185,000 | 178,209,000 | 187,665,000 | 247,616,000 | 152,222,000 | 252,797,000 | 265,720,000 | 307,372,000 | 53,141,000 | 53,066,000 | 50,279,000 | 67,095,000 | 47,923,000 | 63,061,000 |
premises and equipment | 10,800,000 | 9,800,000 | 9,700,000 | 10,800,000 | 11,000,000 | 11,700,000 | 12,300,000 | 13,100,000 | 16,100,000 | 16,900,000 | 18,900,000 | 18,782,000 | 19,200,000 | 20,573,000 | 13,674,000 | 15,122,000 | 15,748,000 | 14,369,000 | 16,925,000 | 29,695,000 | 43,974,000 | 56,409,000 | 62,744,000 | 63,057,000 | 28,376,000 | 4,578,000 | 5,110,000 | 3,325,000 | 11,080,000 | 36,266,000 |
other assets | 273,900,000 | 119,400,000 | 129,100,000 | 106,000,000 | 111,300,000 | 95,800,000 | 84,300,000 | 449,200,000 | 369,300,000 | 327,600,000 | 359,300,000 | 371,290,000 | 344,486,000 | 446,284,000 | 507,250,000 | 542,597,000 | 611,935,000 | 484,871,000 | 571,483,000 | 700,482,000 | 513,449,000 | 399,672,000 | 435,372,000 | 448,737,000 | 185,739,000 | 110,899,000 | 128,868,000 | 89,636,000 | 76,719,000 | 137,837,000 |
contingent loan repurchase asset | 423,600,000 | 308,400,000 | 318,200,000 | 407,200,000 | 412,200,000 | 360,900,000 | 341,000,000 | |||||||||||||||||||||||
total assets | 16,170,600,000 | 16,107,400,000 | 16,531,300,000 | 16,259,300,000 | 16,435,400,000 | 13,226,700,000 | 13,084,700,000 | 12,513,700,000 | 13,011,700,000 | 13,216,000,000 | 12,627,000,000 | 12,360,069,000 | 12,107,690,000 | 12,297,809,000 | 12,147,123,000 | 12,040,238,000 | 11,767,710,000 | 10,771,788,000 | 10,651,127,000 | 10,310,438,000 | 9,956,653,000 | 7,932,392,000 | 7,655,663,000 | 7,488,252,000 | 4,897,175,000 | 2,288,749,000 | 2,565,787,000 | 1,769,350,000 | 2,034,285,000 | 2,110,343,000 |
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||
liabilities | ||||||||||||||||||||||||||||||
hmbs-related borrowings, at fair value | 9,611,700,000 | 4,061,626,000 | ||||||||||||||||||||||||||||
msr related financing liabilities, at fair value | 842,000,000 | |||||||||||||||||||||||||||||
msr financing facilities | 1,285,200,000 | 1,223,200,000 | 1,218,600,000 | 1,136,000,000 | 957,900,000 | 804,800,000 | 927,700,000 | 916,200,000 | 901,700,000 | 864,800,000 | 914,600,000 | 1,020,606,000 | 987,712,000 | 892,635,000 | 900,760,000 | 945,744,000 | 1,012,478,000 | |||||||||||||
advance match funded liabilities | 341,900,000 | 320,600,000 | 342,500,000 | 377,500,000 | 417,100,000 | 377,200,000 | 405,000,000 | 499,700,000 | 403,000,000 | 430,400,000 | 469,900,000 | 457,452,000 | 476,978,000 | 497,310,000 | 512,297,000 | 516,572,000 | 530,182,000 | 550,437,000 | 581,288,000 | 612,650,000 | ||||||||||
mortgage warehouse facilities | 1,224,600,000 | |||||||||||||||||||||||||||||
reverse mortgage securitization notes | 899,300,000 | |||||||||||||||||||||||||||||
senior notes | 489,600,000 | 489,000,000 | 488,500,000 | 488,000,000 | 487,400,000 | 535,100,000 | 555,200,000 | 595,800,000 | 594,100,000 | 605,000,000 | 602,300,000 | 597,129,000 | 594,889,000 | 617,132,000 | 614,797,000 | 612,658,000 | 610,600,000 | 542,927,000 | 311,898,000 | 311,484,000 | 310,788,000 | 347,063,000 | 346,789,000 | |||||||
other liabilities | 374,900,000 | 406,000,000 | 365,000,000 | 340,000,000 | 420,600,000 | 366,000,000 | 337,900,000 | 692,300,000 | 639,200,000 | 606,600,000 | 652,500,000 | 721,112,000 | 656,048,000 | 806,601,000 | 867,514,000 | 932,748,000 | 1,025,836,000 | 835,013,000 | 923,975,000 | 1,034,366,000 | 894,695,000 | 657,413,000 | 681,239,000 | 752,011,000 | 141,600,000 | 106,152,000 | 123,019,000 | 90,782,000 | 88,932,000 | 80,522,000 |
contingent loan repurchase liability | 423,600,000 | 308,400,000 | 318,200,000 | 407,200,000 | 412,200,000 | 360,900,000 | 341,000,000 | |||||||||||||||||||||||
total liabilities | 15,492,800,000 | 15,556,100,000 | 15,999,500,000 | 15,749,200,000 | 15,942,500,000 | 12,758,500,000 | 12,638,400,000 | 12,111,900,000 | 12,566,600,000 | 12,782,200,000 | 12,210,700,000 | 11,813,963,000 | 11,563,775,000 | 11,763,679,000 | 11,670,429,000 | 11,570,367,000 | 11,320,610,000 | 10,331,778,000 | 10,235,755,000 | 9,877,669,000 | 9,575,468,000 | 7,352,145,000 | 7,000,380,000 | 6,835,100,000 | 3,919,232,000 | 1,332,923,000 | 1,635,320,000 | 903,487,000 | 1,339,741,000 | 1,515,103,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||
mezzanine equity | ||||||||||||||||||||||||||||||
series b preferred stock, 0.01 par value and 25.00 liquidation preference value; 2,400,000 shares authorized; 2,111,786 and 2,111,787 shares issued and outstanding at december 31, 2025 and december 31, 2024, respectively | 49,900,000 | |||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||
common stock, 0.01 par value... | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | |||||||||||||||||||||||||
additional paid-in capital | 556,100,000 | 555,200,000 | 554,500,000 | 554,300,000 | 559,300,000 | 557,400,000 | 556,900,000 | 554,500,000 | 551,600,000 | 548,700,000 | 546,700,000 | 556,290,000 | 591,132,000 | 591,811,000 | 592,572,000 | 591,839,000 | 590,252,000 | 572,500,000 | 556,062,000 | 553,934,000 | 556,097,000 | 529,188,000 | 527,001,000 | 524,053,000 | 470,862,000 | 469,541,000 | 468,963,000 | 459,542,000 | 254,071,000 | 177,396,000 |
retained earnings | 71,900,000 | 48,652,000 | 126,167,000 | 127,220,000 | 514,136,000 | 493,908,000 | 467,530,000 | 405,198,000 | 437,840,000 | 413,747,000 | ||||||||||||||||||||
accumulated other comprehensive income, net of income taxes | -100,000 | 1,400,000 | 1,300,000 | 1,300,000 | 1,200,000 | 200,000 | 1,649,000 | |||||||||||||||||||||||
total stockholders’ equity | 627,900,000 | 501,400,000 | 481,900,000 | 460,200,000 | 442,900,000 | 468,200,000 | 446,200,000 | 401,800,000 | 445,100,000 | 433,800,000 | 416,300,000 | 546,106,000 | 543,915,000 | 534,130,000 | 476,694,000 | 469,871,000 | 447,100,000 | 440,010,000 | 415,372,000 | 432,769,000 | 381,185,000 | 593,031,000 | ||||||||
total liabilities, mezzanine equity and stockholders’ equity | 16,170,600,000 | 16,107,400,000 | 16,531,300,000 | 16,259,300,000 | 16,435,400,000 | |||||||||||||||||||||||||
home equity conversion mortgage-backed securities (hmbs) related borrowings, at fair value | 9,924,600,000 | 10,253,100,000 | 10,587,600,000 | 10,872,100,000 | 8,132,500,000 | 8,035,400,000 | 7,797,300,000 | 7,613,600,000 | 7,486,400,000 | 7,470,600,000 | 7,208,385,000 | 7,155,251,000 | 7,118,844,000 | 6,885,022,000 | 6,782,564,000 | 6,823,911,000 | 6,778,195,000 | 6,477,616,000 | 5,903,965,000 | |||||||||||
other financing liabilities, at fair value | 822,000,000 | 818,100,000 | 835,500,000 | 846,900,000 | 826,200,000 | 845,900,000 | 900,000,000 | 1,380,300,000 | 1,274,000,000 | 1,152,500,000 | 989,722,000 | 913,627,000 | 872,036,000 | 804,963,000 | 710,911,000 | 544,251,000 | 559,184,000 | 576,722,000 | 594,222,000 | |||||||||||
mortgage loan financing facilities | 2,062,300,000 | 2,195,500,000 | 1,577,400,000 | 1,528,200,000 | 1,355,900,000 | 1,190,500,000 | 710,600,000 | 1,034,700,000 | 1,515,000,000 | |||||||||||||||||||||
series b preferred stock, 0.01 par value and 25.00 liquidation preference value; 2,400,000 shares authorized; 2,111,786 and 2,111,787 shares issued and outstanding at september 30, 2025 and december 31, 2024, respectively | 49,900,000 | |||||||||||||||||||||||||||||
accumulated deficit | -55,300,000 | -74,000,000 | -95,500,000 | -117,600,000 | -89,600,000 | -111,000,000 | -151,600,000 | -104,200,000 | -112,600,000 | -128,100,000 | -8,229,000 | -45,168,000 | -55,522,000 | -113,604,000 | -111,909,000 | -133,461,000 | -123,139,000 | -131,682,000 | -115,039,000 | |||||||||||
series b preferred stock, 0.01 par value and 25.00 liquidation preference value; 2,400,000 shares authorized; 2,111,787 shares issued and outstanding at june 30, 2025 and december 31, 2024 | 49,900,000 | |||||||||||||||||||||||||||||
series b preferred stock, 0.01 par value and 25.00 liquidation preference value; 2,400,000 shares authorized; 2,111,787 shares issued and outstanding at march 31, 2025 and december 31, 2024 | 49,900,000 | |||||||||||||||||||||||||||||
loans held for sale | 1,290,200,000 | 1,197,700,000 | 1,107,000,000 | 677,300,000 | 948,300,000 | 1,356,500,000 | 849,400,000 | 729,638,000 | 687,465,000 | 725,051,000 | 928,527,000 | 933,700,000 | 696,020,000 | 517,823,000 | 387,836,000 | 278,517,000 | 275,579,000 | 260,959,000 | 314,006,000 | 401,790,000 | ||||||||||
investment in equity method investee | 30,600,000 | 31,300,000 | 37,800,000 | 39,500,000 | 34,600,000 | 36,800,000 | 38,711,000 | 38,821,000 | 34,925,000 | 23,297,000 | 19,794,000 | 11,878,000 | ||||||||||||||||||
series b preferred stock, 0.01 par value and 25.00 liquidation preference value; 2,400,000 shares authorized; 2,111,787 shares issued and outstanding at december 31, 2024 | 49,900,000 | |||||||||||||||||||||||||||||
liabilities and stockholder’s equity | ||||||||||||||||||||||||||||||
common stock, .01 par value... | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 79,000 | 92,000 | 92,000 | 92,000 | 92,000 | 92,000 | 87,000 | 87,000 | 1,300,000 | 1,346,000 | 1,248,000 | 1,240,000 | 1,240,000 | 1,011,000 | 1,009,000 | 1,009,000 | 675,000 | 625,000 | ||||||
total liabilities and stockholders’ equity | 13,226,700,000 | 13,084,700,000 | 12,513,700,000 | 13,011,700,000 | 13,216,000,000 | 12,627,000,000 | 12,360,069,000 | 12,107,690,000 | 12,297,809,000 | 12,147,123,000 | 12,040,238,000 | 11,767,710,000 | 10,771,788,000 | 10,651,127,000 | 10,310,438,000 | 9,956,653,000 | 2,110,343,000 | |||||||||||||
accumulated other comprehensive loss, net of income taxes | 200,000 | -1,200,000 | -2,400,000 | -2,400,000 | -2,400,000 | -2,034,000 | -2,141,000 | -2,251,000 | -2,366,000 | -10,151,000 | -9,783,000 | -9,438,000 | -9,095,000 | -7,426,000 | -2,843,000 | -1,338,000 | -1,450,000 | -1,589,000 | -8,307,000 | -8,883,000 | -7,281,000 | |||||||||
liabilities and equity | ||||||||||||||||||||||||||||||
mortgage loan warehouse facilities | 948,300,000 | 819,557,000 | 779,270,000 | 959,121,000 | 1,085,076,000 | 1,069,170,000 | 773,352,000 | |||||||||||||||||||||||
mortgage servicing rights, at fair value | 2,250,147,000 | 1,294,817,000 | 1,455,553,000 | |||||||||||||||||||||||||||
senior secured term loan | ||||||||||||||||||||||||||||||
other secured borrowings | 1,066,022,000 | 1,069,161,000 | 847,331,000 | 708,929,000 | 643,860,000 | 678,543,000 | 737,512,000 | |||||||||||||||||||||||
home equity conversion mortgage-backed securities (hmbs) - related borrowings, at fair value | 6,772,711,000 | |||||||||||||||||||||||||||||
match funded advances | 825,760,000 | 1,451,964,000 | 1,614,447,000 | 3,756,834,000 | 1,421,636,000 | 1,639,811,000 | 822,615,000 | 883,209,000 | 786,102,000 | |||||||||||||||||||||
assets related to discontinued operations | ||||||||||||||||||||||||||||||
match funded liabilities | 687,497,000 | 1,108,377,000 | 1,280,997,000 | 1,431,381,000 | 3,080,228,000 | 1,041,998,000 | 1,289,129,000 | 465,691,000 | 765,023,000 | 696,296,000 | ||||||||||||||||||||
other financing liabilities | 1,069,594,000 | 533,806,000 | ||||||||||||||||||||||||||||
liabilities related to discontinued operations | ||||||||||||||||||||||||||||||
(accumulated deficit) retained earnings | -173,415,000 | |||||||||||||||||||||||||||||
cash | 251,472,000 | 256,549,000 | 218,915,000 | 152,037,000 | 104,167,000 | 129,087,000 | 90,919,000 | 213,911,000 | 143,938,000 | |||||||||||||||||||||
mortgage servicing rights | 975,185,000 | 1,042,978,000 | 1,047,142,000 | 299,717,000 | 175,591,000 | 184,571,000 | 117,802,000 | 132,729,000 | 210,601,000 | |||||||||||||||||||||
match funded assets | 1,292,908,000 | |||||||||||||||||||||||||||||
equity | ||||||||||||||||||||||||||||||
ocwen financial corporation (ocwen) stockholders’ equity | ||||||||||||||||||||||||||||||
total ocwen stockholders’ equity | 577,750,000 | 652,958,000 | 650,924,000 | |||||||||||||||||||||||||||
non-controlling interest in subsidiaries | 2,497,000 | 2,325,000 | 2,228,000 | 241,000 | 251,000 | 246,000 | 252,000 | |||||||||||||||||||||||
total equity | 580,247,000 | 655,283,000 | 653,152,000 | 977,943,000 | 955,826,000 | 930,467,000 | 865,863,000 | 694,544,000 | ||||||||||||||||||||||
total liabilities and equity | 7,932,392,000 | 7,655,663,000 | 7,488,252,000 | 4,897,175,000 | 2,288,749,000 | 2,565,787,000 | 1,769,350,000 | 2,034,285,000 | ||||||||||||||||||||||
loans held for investment - reverse mortgages, at fair value | 3,565,716,000 | 3,057,564,000 | ||||||||||||||||||||||||||||
deferred tax assets | 2,732,000 | 138,483,000 | 139,086,000 | 137,551,000 | 132,683,000 | 161,180,000 | 171,472,000 | |||||||||||||||||||||||
financing liabilities | 4,012,812,000 | 3,568,017,000 | ||||||||||||||||||||||||||||
senior unsecured notes | 346,179,000 | |||||||||||||||||||||||||||||
restricted cash – for securitization investors | 910,000 | 1,507,000 | 1,005,000 | |||||||||||||||||||||||||||
loans held for resale, at lower of cost or fair value | 21,933,000 | 23,193,000 | 25,153,000 | 33,197,000 | 39,726,000 | |||||||||||||||||||||||||
loans, net – restricted for securitization investors | 60,389,000 | 62,344,000 | 65,112,000 | |||||||||||||||||||||||||||
goodwill | 57,380,000 | 12,810,000 | 12,810,000 | |||||||||||||||||||||||||||
investments in unconsolidated entities | 23,364,000 | 12,611,000 | 11,588,000 | 15,008,000 | 21,269,000 | |||||||||||||||||||||||||
secured borrowings – owed to securitization investors | 55,323,000 | 58,696,000 | 60,841,000 | |||||||||||||||||||||||||||
lines of credit and other secured borrowings | 555,110,000 | 41,458,000 | 77,710,000 | 55,810,000 | 121,810,000 | 418,193,000 | ||||||||||||||||||||||||
servicer liabilities | 4,417,000 | 2,065,000 | 2,067,000 | 38,672,000 | 77,774,000 | 169,813,000 | ||||||||||||||||||||||||
debt securities | 82,554,000 | 82,554,000 | 82,554,000 | 95,564,000 | 109,534,000 | 150,279,000 | ||||||||||||||||||||||||
ocwen financial corporation stockholders’ equity | ||||||||||||||||||||||||||||||
total ocwen financial corporation (ocn) stockholders’ equity | 977,702,000 | 865,611,000 | ||||||||||||||||||||||||||||
total ocwen financial corporation stockholders’ equity | 955,575,000 | 930,221,000 | 694,235,000 | |||||||||||||||||||||||||||
trading securities, at fair value | ||||||||||||||||||||||||||||||
auction rate | 247,464,000 | 243,285,000 | ||||||||||||||||||||||||||||
subordinates and residuals | 3,692,000 | 3,440,000 | 32,107,000 | |||||||||||||||||||||||||||
intangibles, including goodwill of 9,836 at december 31, 2008 | ||||||||||||||||||||||||||||||
investment line | 156,968,000 | 176,668,000 | ||||||||||||||||||||||||||||
ocwen financial corporation stockholders’ equity common stock, .01 par value... | 1,000,000 | |||||||||||||||||||||||||||||
accumulated other comprehensive income (loss), net of income taxes | -129,000 | |||||||||||||||||||||||||||||
intangibles, including goodwill of 11,027 and 9,836 | 46,082,000 | |||||||||||||||||||||||||||||
minority interest in subsidiaries | 309,000 | 2,209,000 | ||||||||||||||||||||||||||||
investment grade | 36,307,000 | |||||||||||||||||||||||||||||
investment in certificates of deposit | ||||||||||||||||||||||||||||||
loans held for resale, at lower of cost or market value | 83,862,000 | |||||||||||||||||||||||||||||
investment in unconsolidated entities | 57,793,000 | |||||||||||||||||||||||||||||
accumulated other comprehensive income, net of taxes | 1,263,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2019-09-30 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2008-12-31 | 2008-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | |||||||||||||||||||||
net income | 127,200,000 | 18,700,000 | 21,500,000 | 22,100,000 | -28,100,000 | 21,400,000 | -47,500,000 | 8,500,000 | 15,500,000 | -40,200,000 | 58,082,000 | -1,695,000 | 8,543,000 | 20,221,000 | 26,383,000 | 22,064,000 | -3,685,000 | 15,561,000 | |||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||
msr valuation adjustments | 77,200,000 | 63,000,000 | 45,100,000 | 55,900,000 | 36,800,000 | 48,600,000 | 121,900,000 | 41,600,000 | 72,600,000 | 90,300,000 | -62,632,000 | 52,338,000 | 6,320,000 | 72,450,000 | -21,208,000 | ||||||
provision for bad debts | 4,000,000 | 4,800,000 | 4,300,000 | 4,700,000 | 3,500,000 | 6,300,000 | 5,700,000 | 7,500,000 | 6,800,000 | 5,700,000 | 4,147,000 | 6,669,000 | 4,547,000 | 4,977,000 | 6,545,000 | -4,947,000 | 429,000 | ||||
provision for indemnification obligations | 4,100,000 | 4,800,000 | 1,200,000 | 300,000 | 2,600,000 | -600,000 | |||||||||||||||
depreciation | 1,100,000 | 1,000,000 | 1,100,000 | 1,200,000 | 1,300,000 | 1,300,000 | 2,100,000 | 1,500,000 | 1,600,000 | 1,800,000 | 2,602,000 | 2,738,000 | 2,461,000 | 2,207,000 | 2,859,000 | 12,581,000 | 1,087,000 | 137,000 | 750,000 | ||
amortization of debt issuance costs and discount | 8,200,000 | 7,800,000 | 5,900,000 | 5,700,000 | 8,200,000 | 8,800,000 | 6,000,000 | 5,900,000 | 3,300,000 | 2,800,000 | 2,539,000 | 2,354,000 | 2,206,000 | 1,608,000 | 1,624,000 | ||||||
amortization of intangibles | 300,000 | 200,000 | 200,000 | 300,000 | 600,000 | 600,000 | 900,000 | 1,300,000 | 1,400,000 | 1,500,000 | |||||||||||
loss on extinguishment of debt | 33,000 | 0 | 0 | 0 | 15,458,000 | ||||||||||||||||
equity-based compensation expense | 1,700,000 | 1,700,000 | 2,100,000 | 2,100,000 | 2,100,000 | 900,000 | 2,900,000 | 2,700,000 | 2,000,000 | 2,100,000 | -143,000 | 1,022,000 | 1,437,000 | 1,397,000 | 863,000 | -1,373,000 | |||||
interest capitalized on reverse buyouts | |||||||||||||||||||||
deferred income tax expense | |||||||||||||||||||||
gain on reverse loans and hmbs-related borrowings | |||||||||||||||||||||
net gain on sale of investment in equity method investee | |||||||||||||||||||||
gain on loans held for sale | -36,700,000 | -34,100,000 | -10,400,000 | -11,800,000 | -5,800,000 | -25,800,000 | -4,300,000 | -37,619,000 | -59,702,000 | -42,713,000 | -5,721,000 | -308,000 | |||||||||
changes in assets and liabilities: | |||||||||||||||||||||
decrease in advances | -51,800,000 | 20,100,000 | 46,800,000 | 54,400,000 | -59,000,000 | 28,100,000 | -71,600,000 | 33,700,000 | 51,200,000 | 62,800,000 | 27,299,000 | -41,000,000 | 13,407,000 | 17,757,000 | 38,704,000 | ||||||
decrease in receivables and other assets | 26,800,000 | 59,000,000 | 21,500,000 | -27,600,000 | -12,800,000 | 300,000 | 14,900,000 | 20,400,000 | 4,509,000 | -34,709,000 | 46,815,000 | -2,447,000 | 35,735,000 | 15,282,000 | 38,393,000 | 34,033,000 | -6,999,000 | ||||
increase in derivatives | -57,000,000 | 9,000,000 | -11,600,000 | -16,200,000 | 30,000,000 | -20,700,000 | -29,000,000 | ||||||||||||||
increase in other liabilities | -11,200,000 | 10,300,000 | -20,500,000 | -13,245,000 | |||||||||||||||||
cash flows from loans held for sale: | |||||||||||||||||||||
origination and purchase of loans held for sale | -7,951,100,000 | -7,410,200,000 | -5,888,700,000 | -4,273,300,000 | -5,531,800,000 | -4,856,300,000 | -2,967,200,000 | -4,418,200,000 | -2,859,900,000 | -2,552,400,000 | -3,472,610,000 | -6,984,853,000 | -6,366,795,000 | -3,286,728,000 | -3,333,999,000 | 1,370,561,000 | |||||
proceeds from sale and collections of loans held for sale | 7,767,000,000 | 7,478,800,000 | 5,172,400,000 | 4,114,600,000 | 5,314,900,000 | 4,757,500,000 | 3,198,000,000 | 4,717,500,000 | 2,312,000,000 | 2,312,300,000 | 3,600,893,000 | 6,937,951,000 | 6,124,160,000 | 3,107,751,000 | 3,179,487,000 | -1,429,576,000 | |||||
other | 32,800,000 | -19,400,000 | -9,600,000 | -8,900,000 | -5,600,000 | -9,700,000 | 1,100,000 | -600,000 | -7,200,000 | -2,400,000 | 799,000 | 4,758,000 | 1,319,000 | -1,757,000 | -2,833,000 | -6,938,000 | 2,203,000 | 3,473,000 | 2,363,000 | -560,000 | 1,178,000 |
net cash from operating activities | -230,600,000 | 229,500,000 | -598,800,000 | -148,100,000 | -218,000,000 | 19,200,000 | 281,800,000 | 377,300,000 | -441,300,000 | -207,400,000 | 186,074,000 | -59,319,000 | -196,599,000 | -85,930,000 | -130,307,000 | -96,666,000 | 173,237,000 | 262,331,000 | 368,053,000 | ||
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
free cash flows | -230,600,000 | 229,500,000 | -598,800,000 | -148,100,000 | -218,000,000 | 19,200,000 | 281,800,000 | 377,300,000 | -441,300,000 | -207,400,000 | 186,074,000 | -59,319,000 | -196,599,000 | -85,930,000 | -130,307,000 | -96,666,000 | 173,237,000 | 262,331,000 | 368,053,000 | ||
cash flows from investing activities | |||||||||||||||||||||
origination of loans held for investment | -158,200,000 | -249,300,000 | -268,400,000 | -277,100,000 | -320,100,000 | -284,600,000 | -261,600,000 | -264,400,000 | -272,100,000 | -235,300,000 | -620,237,000 | -548,646,000 | -494,330,000 | -393,707,000 | -326,735,000 | 22,575,000 | |||||
principal payments received on loans held for investment | 689,900,000 | 778,200,000 | 777,300,000 | 786,100,000 | 557,700,000 | 339,000,000 | 269,900,000 | 280,100,000 | 291,900,000 | 236,100,000 | 518,974,000 | 456,309,000 | 449,912,000 | 406,994,000 | 315,105,000 | 191,237,000 | |||||
purchase of msrs | -134,000,000 | -88,400,000 | -52,900,000 | -98,100,000 | -117,600,000 | -52,700,000 | -30,400,000 | -37,300,000 | -21,900,000 | -30,400,000 | -64,297,000 | -46,010,000 | -72,616,000 | -671,022,000 | -41,556,000 | ||||||
proceeds from sale of msrs | 134,000,000 | 0 | 300,000 | 4,500,000 | 10,900,000 | 97,900,000 | 700,000 | -100,000 | 0 | 300,000 | 134,284,000 | ||||||||||
distribution from (investment in) equity method investee | -2,400,000 | 600,000 | 1,700,000 | -4,900,000 | 2,100,000 | 5,500,000 | |||||||||||||||
net proceeds from sale of investment in equity method investee | |||||||||||||||||||||
acquisition of advances in connection with msr transactions | -1,100,000 | -600,000 | -900,000 | -2,500,000 | -500,000 | ||||||||||||||||
proceeds from sale of advances in connection with msr transactions | 600,000 | 200,000 | 400,000 | 300,000 | 4,400,000 | ||||||||||||||||
purchase of real estate | -25,200,000 | -11,400,000 | -2,400,000 | -2,300,000 | -4,000,000 | -20,800,000 | -400,000 | -100,000 | -9,700,000 | -500,000 | -197,000 | ||||||||||
proceeds from sale of real estate | 15,500,000 | 13,200,000 | 13,300,000 | 9,200,000 | 12,700,000 | 5,700,000 | 5,400,000 | 5,000,000 | 7,300,000 | 800,000 | 2,058,000 | 2,306,000 | |||||||||
additions to premises and equipment | -1,900,000 | -700,000 | 0 | -300,000 | -500,000 | -100,000 | 0 | -400,000 | -700,000 | -1,100,000 | -1,411,000 | 5,901,000 | -665,000 | -186,000 | -385,000 | -1,143,000 | -2,455,000 | ||||
net cash from investing activities | 519,700,000 | 441,300,000 | 466,700,000 | 419,800,000 | 187,100,000 | 85,800,000 | -56,700,000 | -21,100,000 | -2,600,000 | -19,900,000 | -33,684,000 | -156,069,000 | -122,885,000 | -669,664,000 | -52,832,000 | 118,875,000 | 1,501,000 | ||||
cash flows from financing activities | |||||||||||||||||||||
repayment of advance match funded liabilities | 21,300,000 | -21,900,000 | -35,000,000 | -39,600,000 | -27,800,000 | -27,400,000 | -39,400,000 | -43,800,000 | -14,987,000 | -13,610,000 | -20,255,000 | -30,851,000 | |||||||||
proceeds from (repayment of) mortgage warehouse facilities | |||||||||||||||||||||
proceeds from reverse mortgage securitization notes | |||||||||||||||||||||
repayment of reverse mortgage securitization notes | |||||||||||||||||||||
proceeds from (repayment of) msr financing facilities | |||||||||||||||||||||
repurchase and repayment of senior notes | -1,000,000 | ||||||||||||||||||||
proceeds from issuance of senior notes | |||||||||||||||||||||
payment of debt issuance costs | -3,900,000 | -3,700,000 | -100,000 | -200,000 | -10,600,000 | -2,800,000 | -100,000 | -700,000 | -948,000 | -37,000 | -141,000 | -9,237,000 | -6,795,000 | ||||||||
proceeds from msr related financing liabilities | |||||||||||||||||||||
repayment of msr related financing liabilities | |||||||||||||||||||||
proceeds from sale of hecm or reverse mortgages, accounted for as a financing | |||||||||||||||||||||
repayment of hmbs-related borrowings | -684,200,000 | -770,200,000 | -767,500,000 | -777,100,000 | -551,900,000 | -334,700,000 | -267,700,000 | -277,300,000 | -289,800,000 | -235,300,000 | -517,380,000 | -452,686,000 | -446,277,000 | -403,770,000 | -311,562,000 | ||||||
proceeds from issuance of preferred stock | |||||||||||||||||||||
payment of preferred stock issuance costs | |||||||||||||||||||||
payment of preferred stock dividend | -1,100,000 | -1,000,000 | -1,100,000 | -1,000,000 | |||||||||||||||||
payment on exercise of common stock warrants | 0 | 0 | 0 | -3,500,000 | |||||||||||||||||
net cash from financing activities | -295,800,000 | -656,100,000 | 151,800,000 | -300,400,000 | 16,300,000 | -74,200,000 | -235,900,000 | -422,800,000 | 520,500,000 | 209,000,000 | -70,851,000 | 157,485,000 | 329,333,000 | 730,667,000 | 162,301,000 | -10,397,000 | |||||
net increase in cash, cash equivalents and restricted cash | -6,700,000 | -14,600,000 | 30,700,000 | -10,800,000 | -66,600,000 | 76,600,000 | -18,300,000 | 81,539,000 | |||||||||||||
cash, cash equivalents and restricted cash at beginning of year | 0 | 0 | 0 | 265,600,000 | 0 | 0 | 0 | 0 | 0 | 274,200,000 | 263,446,000 | 0 | 0 | 0 | 357,265,000 | ||||||
cash, cash equivalents and restricted cash at end of year | |||||||||||||||||||||
supplemental cash flow information | |||||||||||||||||||||
interest paid | 92,600,000 | 61,200,000 | |||||||||||||||||||
income tax payments (refunds) | |||||||||||||||||||||
federal | 4,000,000 | -2,000,000 | |||||||||||||||||||
state | 800,000 | 400,000 | |||||||||||||||||||
foreign | 900,000 | 900,000 | |||||||||||||||||||
supplemental non-cash investing and financing activities | |||||||||||||||||||||
hecm loans held for investment acquired at fair value | |||||||||||||||||||||
hmbs-related borrowings assumed at fair value | -219,509,000 | ||||||||||||||||||||
series b preferred stock issuance at fair value | |||||||||||||||||||||
net cash received on hecm transactions | |||||||||||||||||||||
recognition (derecognition) of gross right-of-use asset and lease liability: | |||||||||||||||||||||
right-of-use asset | 200,000 | 400,000 | 0 | 700,000 | 0 | 600,000 | -1,000,000 | 200,000 | -2,100,000 | 600,000 | 8,097,000 | 530,000 | 751,000 | 2,912,000 | 292,000 | ||||||
lease liability | 200,000 | 400,000 | 0 | 700,000 | -100,000 | 600,000 | -1,000,000 | 200,000 | -2,100,000 | 600,000 | 8,097,000 | 264,000 | 751,000 | 2,912,000 | 292,000 | ||||||
derecognition of msrs and msr related financing liabilities, at fair value: | |||||||||||||||||||||
msr, at fair value | 0 | 0 | 0 | 0 | -421,800,000 | ||||||||||||||||
msr related financing liability, at fair value - msr pledged liability | |||||||||||||||||||||
gain on extinguishment of debt | -400,000 | -2,405,000 | 0 | -1,246,000 | |||||||||||||||||
gain on reverse loans held for investment and hmbs-related borrowings | -6,400,000 | -8,200,000 | -19,000,000 | 4,800,000 | -15,100,000 | ||||||||||||||||
proceeds from mortgage loan financing facilities | -136,700,000 | 612,800,000 | 43,600,000 | 164,200,000 | |||||||||||||||||
proceeds from msr financing facilities | 406,900,000 | 1,305,600,000 | 521,200,000 | 663,300,000 | 200,800,000 | 211,600,000 | 323,600,000 | 299,000,000 | 144,400,000 | 114,220,000 | 35,036,000 | 50,708,000 | 565,905,000 | 64,098,000 | |||||||
repayment of msr financing facilities | -401,800,000 | -1,222,600,000 | -342,700,000 | -509,900,000 | -323,500,000 | -196,700,000 | -286,100,000 | -348,500,000 | -183,300,000 | -121,048,000 | -79,473,000 | -116,991,000 | -8,848,000 | -44,661,000 | |||||||
repurchase of senior notes | -23,000,000 | ||||||||||||||||||||
proceeds from other financing liabilities - sale of msrs accounted for as secured financing | 8,300,000 | 8,800,000 | 6,900,000 | 5,200,000 | 5,100,000 | 1,600,000 | 84,800,000 | 85,000,000 | 3,300,000 | ||||||||||||
proceeds from other financing liabilities - excess servicing spread (ess) liability | 0 | 0 | 0 | 68,700,000 | |||||||||||||||||
repayment of other financing liabilities | -18,000,000 | -17,800,000 | -17,000,000 | -16,500,000 | -17,300,000 | -24,200,000 | -25,400,000 | -23,900,000 | -21,800,000 | -28,423,000 | -29,172,000 | -22,460,000 | -21,050,000 | -18,566,000 | |||||||
proceeds from sale of home equity conversion mortgages | 269,400,000 | 268,500,000 | 309,100,000 | 281,200,000 | 284,600,000 | 270,900,000 | 281,400,000 | 271,100,000 | 231,200,000 | 583,899,000 | 555,172,000 | 452,262,000 | 379,650,000 | 287,830,000 | |||||||
cash, cash equivalents and restricted cash at end of period | 14,700,000 | 19,700,000 | 236,900,000 | 30,700,000 | -66,600,000 | 76,600,000 | 255,900,000 | 344,985,000 | 9,849,000 | -24,927,000 | 336,427,000 | ||||||||||
supplemental non-cash investing and financing activities: | |||||||||||||||||||||
recognition of gross right-of-use asset and lease liability | |||||||||||||||||||||
derecognition of msrs and other financing liabilities, at fair value: | |||||||||||||||||||||
other financing liability, at fair value - msr pledged liability | 0 | 0 | 0 | -421,800,000 | |||||||||||||||||
decrease in other liabilities | 7,800,000 | -52,600,000 | -300,000 | -7,900,000 | -12,812,000 | 18,616,000 | -20,785,000 | -11,549,000 | 1,270,000 | ||||||||||||
net decrease in cash, cash equivalents and restricted cash | 19,700,000 | -28,700,000 | 9,849,000 | -24,927,000 | -20,838,000 | ||||||||||||||||
recognition of gross right-of-use asset and lease liability: | |||||||||||||||||||||
decrease in derivatives | 43,500,000 | ||||||||||||||||||||
acquisition of loans held for investment | -3,634,000 | ||||||||||||||||||||
acquisition of reverse mortgage subservicing agreements | |||||||||||||||||||||
proceeds from (repayment of) advance match funded liabilities | |||||||||||||||||||||
proceeds from (repayment of) mortgage loan financing facilities | -326,900,000 | -483,100,000 | |||||||||||||||||||
supplemental non-cash investing and financing activities - | |||||||||||||||||||||
proceeds from sale of premises and equipment | 0 | 0 | 100,000 | ||||||||||||||||||
transfer from loans held for investment to loans held for sale | 1,000,000 | 1,500,000 | 3,138,000 | 1,220,000 | 777,000 | 901,000 | |||||||||||||||
transfers of loans held for sale to real estate owned | 8,200,000 | 5,100,000 | 3,600,000 | 7,100,000 | 4,400,000 | 358,000 | 3,126,000 | 1,767,000 | 1,493,000 | 2,052,000 | |||||||||||
proceeds from sale of advances | 300,000 | 1,000,000 | 500,000 | 4,600,000 | -843,000 | ||||||||||||||||
proceeds from issuance of senior notes and warrants | 0 | 0 | 75,000,000 | 572,944,000 | |||||||||||||||||
repayment of senior secured term loan (sstl) borrowings | 0 | 0 | 0 | -188,700,000 | |||||||||||||||||
issuance of common stock | 0 | 0 | |||||||||||||||||||
repurchase of common stock | |||||||||||||||||||||
loans held for investment acquired at fair value | 224,052,000 | ||||||||||||||||||||
net cash paid to acquire loans held for investment | 3,634,000 | ||||||||||||||||||||
loss on sale of msrs | 0 | 100,000 | 200,000 | 100,000 | 57,000 | 23,000 | 16,000 | 25,000 | |||||||||||||
provision for (reversal of) indemnification obligations | 700,000 | 400,000 | 2,900,000 | ||||||||||||||||||
net loss on valuation of loans held for investment and hmbs-related borrowings | 3,100,000 | 500,000 | -14,200,000 | 3,132,000 | |||||||||||||||||
earnings of equity method investee | -2,800,000 | -2,800,000 | -300,000 | -12,003,000 | -2,338,000 | ||||||||||||||||
distribution of earnings from equity method investee | 2,800,000 | 2,800,000 | 300,000 | ||||||||||||||||||
purchase price holdback | |||||||||||||||||||||
loss on loans held for sale | -25,300,000 | -2,800,000 | 3,206,000 | ||||||||||||||||||
increase in receivables and other assets | -28,300,000 | -12,017,000 | |||||||||||||||||||
proceeds from (repayment of) mortgage loan warehouse facilities | 245,600,000 | -125,956,000 | 163,919,000 | 157,720,000 | |||||||||||||||||
loss on valuation of pledged msr financing liability | 55,459,000 | 6,672,000 | 61,329,000 | 8,393,000 | 1,551,000 | ||||||||||||||||
investment in equity method investee | -16,500,000 | -9,415,000 | -6,984,000 | ||||||||||||||||||
distribution of capital from equity method investee | 16,875,000 | ||||||||||||||||||||
repayment of senior notes | 0 | 0 | 0 | -319,156,000 | |||||||||||||||||
proceeds from sale of msrs accounted for as secured financing | 39,772,000 | ||||||||||||||||||||
holdback | -909,000 | ||||||||||||||||||||
provision for (reversal of) valuation allowance on deferred tax assets | |||||||||||||||||||||
decrease in deferred tax assets other than provision for valuation allowance | |||||||||||||||||||||
net gain on valuation of loans held for investment and hmbs-related borrowings | -8,311,000 | 8,512,000 | -11,992,000 | -6,513,000 | |||||||||||||||||
acquisition of advances in connection with the purchase of msrs | |||||||||||||||||||||
proceeds from sale of advances and match funded advances | |||||||||||||||||||||
repayment of match funded liabilities | 81,833,000 | ||||||||||||||||||||
proceeds from (repayments of) mortgage loan warehouse facilities | |||||||||||||||||||||
proceeds from issuance of additional senior secured term loan | |||||||||||||||||||||
proceeds from sales of msrs to related party, accounted for as a financing | |||||||||||||||||||||
transfers from loans held for investment to loans held for sale | |||||||||||||||||||||
derecognition of msrs and financing liabilities: | |||||||||||||||||||||
msrs | |||||||||||||||||||||
financing liability - pledged msr liability | |||||||||||||||||||||
deconsolidation of mortgage-backed securitization trusts | |||||||||||||||||||||
loans held for investment | |||||||||||||||||||||
other financing liabilities | |||||||||||||||||||||
recognition of future draw commitments for hecm loans at fair value upon adoption of fasb asu no. 2016-13 | |||||||||||||||||||||
supplemental information - sale and deconsolidation of subsidiary | |||||||||||||||||||||
cash proceeds received | 0 | 0 | |||||||||||||||||||
equity / cash balance held by subsidiary upon sale | 0 | 0 | |||||||||||||||||||
proceeds from mortgage loan warehouse facilities | |||||||||||||||||||||
financing liability - msrs pledged | |||||||||||||||||||||
net loss | -99,939,000 | ||||||||||||||||||||
adjustments to reconcile loss to net cash from operating activities: | |||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||
gain on sale of msrs | |||||||||||||||||||||
gain on repurchase of senior secured notes | |||||||||||||||||||||
bargain purchase gain | |||||||||||||||||||||
decrease in advances and match funded advances | 181,023,000 | 224,313,000 | 294,180,000 | 7,673,000 | 146,888,000 | ||||||||||||||||
net cash acquired in the acquisition of phh | |||||||||||||||||||||
restricted cash acquired in the acquisition of phh | |||||||||||||||||||||
issuance of automotive dealer financing notes | |||||||||||||||||||||
collections of automotive dealer financing notes | |||||||||||||||||||||
repayment and repurchase of senior notes | |||||||||||||||||||||
repayment of sstl borrowing | |||||||||||||||||||||
proceeds from sale of msrs accounted for as a financing | |||||||||||||||||||||
capital distribution to non-controlling interest | |||||||||||||||||||||
purchase of non-controlling interest | |||||||||||||||||||||
initial consolidation | |||||||||||||||||||||
issuance of common stock in connection with litigation settlement | |||||||||||||||||||||
cumulative effect adjustment for election of fair value for msrs previously accounted for using the amortization method | |||||||||||||||||||||
supplemental business acquisition information | |||||||||||||||||||||
fair value of assets acquired | |||||||||||||||||||||
fair value of liabilities assumed | |||||||||||||||||||||
total identifiable net assets acquired | |||||||||||||||||||||
bargain purchase gain related to acquisition of phh | |||||||||||||||||||||
total consideration | |||||||||||||||||||||
less: cash consideration paid by phh | |||||||||||||||||||||
cash consideration paid by ocwen | |||||||||||||||||||||
cash acquired from phh | |||||||||||||||||||||
net cash acquired by ocwen | |||||||||||||||||||||
amortization of debt issuance costs | |||||||||||||||||||||
gain on valuation of financing liability | |||||||||||||||||||||
proceeds from mortgage loan warehouse facilities and other secured borrowings | -2,340,540,000 | ||||||||||||||||||||
repayment of mortgage loan warehouse facilities and other secured borrowings | |||||||||||||||||||||
repayment of sstl borrowings | |||||||||||||||||||||
loss on valuation of financing liability | |||||||||||||||||||||
net gain on valuation of mortgage loans held for investment and hmbs-related borrowings | -38,840,000 | ||||||||||||||||||||
decrease in advances and match funded assets | -36,866,000 | ||||||||||||||||||||
repayment and repurchases of senior notes | |||||||||||||||||||||
payment of debt issuance costs related to sstl | |||||||||||||||||||||
initial consolidation of mortgage-backed securitization trusts | |||||||||||||||||||||
recognition of gross right-of-use asset and lease liability upon adoption of fasb asu no. 2016-02: | |||||||||||||||||||||
amortization of mortgage servicing rights | 11,210,000 | 9,926,000 | 8,923,000 | 11,749,000 | |||||||||||||||||
loss on valuation of mortgage servicing rights, at fair value | |||||||||||||||||||||
impairment of mortgage servicing rights | |||||||||||||||||||||
gain on sale of mortgage servicing rights | |||||||||||||||||||||
realized and unrealized losses on derivative financial instruments | |||||||||||||||||||||
purchase of mortgage servicing rights | -119,000 | 2,000 | |||||||||||||||||||
proceeds from sale of mortgage servicing rights | |||||||||||||||||||||
repayments of mortgage loan warehouse facilities and other secured borrowings | |||||||||||||||||||||
proceeds from sale of reverse mortgages | |||||||||||||||||||||
net decrease in cash | |||||||||||||||||||||
cash at beginning of year | |||||||||||||||||||||
cash at end of period | 47,870,000 | -24,920,000 | 129,087,000 | 13,471,000 | |||||||||||||||||
gain on sale of fixed assets | |||||||||||||||||||||
increase in deferred tax assets | |||||||||||||||||||||
origination of loans held for investment – reverse mortgages | |||||||||||||||||||||
principal payments received on loans held for investment - reverse mortgages | |||||||||||||||||||||
proceeds from other secured borrowings | |||||||||||||||||||||
repayments of other secured borrowings | |||||||||||||||||||||
proceeds from sale of loans accounted for as a financing | |||||||||||||||||||||
proceeds from exercise of common stock options | |||||||||||||||||||||
net increase in cash | 47,870,000 | -24,920,000 | 1,291,000 | 38,719,000 | 13,471,000 | ||||||||||||||||
adjustments to reconcile net income to net cash from operating activities | |||||||||||||||||||||
amortization of debt discount | 758,000 | 1,297,000 | 6,046,000 | ||||||||||||||||||
amortization of debt issuance costs – senior secured term loan | 284,000 | 833,000 | 7,771,000 | ||||||||||||||||||
write-off of investment in commercial real estate property | |||||||||||||||||||||
reversal of valuation allowance on mortgage servicing assets | -167,000 | -487,000 | -214,000 | ||||||||||||||||||
loss on trading securities | 13,114,000 | 621,000 | |||||||||||||||||||
loss on loans held for resale | 1,011,000 | 1,616,000 | 904,000 | 5,984,000 | 6,694,000 | ||||||||||||||||
equity in loss (earnings) of unconsolidated entities | 140,000 | ||||||||||||||||||||
unrealized losses on derivative financial instruments | |||||||||||||||||||||
net cash from trading activities | |||||||||||||||||||||
net cash from loans held for resale activities | 531,000 | 286,000 | 233,000 | 1,379,000 | |||||||||||||||||
increase in servicer liabilities | |||||||||||||||||||||
cash paid to acquire litton loan servicing lp | |||||||||||||||||||||
cash paid to acquire homeq servicing | |||||||||||||||||||||
acquisition of advances and other assets in connection with the purchase of mortgage servicing rights | |||||||||||||||||||||
distributions of capital from unconsolidated entities – ocwen structured investments, llc, ocwen nonperforming loans, llc and ocwen reo, llc | 776,000 | ||||||||||||||||||||
investment in unconsolidated entity – correspondent one s.a. | -11,975,000 | -2,000,000 | -1,025,000 | ||||||||||||||||||
proceeds from sales of real estate | 800,000 | 418,000 | 230,000 | 2,266,000 | 1,906,000 | ||||||||||||||||
decrease in restricted cash – for securitization investors | -278,000 | ||||||||||||||||||||
principal payments received on loans – restricted for securitization investors | 1,098,000 | 2,011,000 | 1,501,000 | ||||||||||||||||||
net cash used by investing activities | |||||||||||||||||||||
proceeds from match funded liabilities | |||||||||||||||||||||
repayment of secured borrowings – owed to securitization investors | -3,373,000 | -2,145,000 | -1,864,000 | ||||||||||||||||||
proceeds from lines of credit and other secured borrowings | |||||||||||||||||||||
repayment of lines of credit and other secured borrowings | -55,563,000 | -37,549,000 | -173,163,000 | ||||||||||||||||||
payment of debt issuance costs – senior secured term loan | |||||||||||||||||||||
repayment of investment line | |||||||||||||||||||||
repurchase of debt securities | 0 | 0 | |||||||||||||||||||
exercise of common stock options | 449,000 | 0 | 836,000 | 0 | 0 | ||||||||||||||||
cash at beginning of period | 0 | 0 | 127,796,000 | 0 | |||||||||||||||||
cash | |||||||||||||||||||||
advances | |||||||||||||||||||||
mortgage servicing rights | |||||||||||||||||||||
premises and equipment | |||||||||||||||||||||
goodwill | |||||||||||||||||||||
receivables | |||||||||||||||||||||
other assets | |||||||||||||||||||||
fair value of assets acquired - sum | |||||||||||||||||||||
other liabilities | |||||||||||||||||||||
cash paid | |||||||||||||||||||||
less: cash acquired | |||||||||||||||||||||
net cash paid | |||||||||||||||||||||
(increase) decrease in deferred tax assets | |||||||||||||||||||||
decrease in servicer liabilities | -2,000 | -425,000 | -12,691,000 | ||||||||||||||||||
(increase) decrease in restricted cash – for securitization investors | |||||||||||||||||||||
net cash provided (used) by investing activities | 5,004,000 | 23,345,000 | |||||||||||||||||||
(repayment of) proceeds from match funded liabilities | -247,131,000 | -193,400,000 | |||||||||||||||||||
net cash (used) provided by financing activities | |||||||||||||||||||||
gain on trading securities | |||||||||||||||||||||
equity in earnings of unconsolidated entities | -130,000 | ||||||||||||||||||||
decrease in deferred tax assets | -10,000 | ||||||||||||||||||||
distributions of capital from unconsolidated entities | 1,458,000 | ||||||||||||||||||||
net cash used by financing activities | -368,263,000 | ||||||||||||||||||||
adjustments to reconcile net income to net cash provided (used) by operating activities: | |||||||||||||||||||||
premium amortization and discount accretion | |||||||||||||||||||||
depreciation and other amortization | 2,672,000 | 3,308,000 | |||||||||||||||||||
provision for (reversal of) valuation allowance on mortgage servicing assets | |||||||||||||||||||||
provision for (reversal of) valuation allowance on discontinued operations | |||||||||||||||||||||
gain on disposition of subsidiaries | |||||||||||||||||||||
equity in losses of unconsolidated entities | 2,482,000 | 2,928,000 | |||||||||||||||||||
net cash provided (used) by trading activities | 1,593,000 | ||||||||||||||||||||
net cash provided (used) by operating activities | 101,863,000 | ||||||||||||||||||||
proceeds from the sale of mortgage servicing rights | 0 | ||||||||||||||||||||
investment in unconsolidated entities | |||||||||||||||||||||
proceeds from sales of real estate owned | |||||||||||||||||||||
proceeds from the sale of subsidiaries, net of cash sold | |||||||||||||||||||||
cash paid to acquire subsidiaries, net of cash acquired | |||||||||||||||||||||
redemption of certificates of deposit | |||||||||||||||||||||
distribution of cash in connection with the spin-off of altisource portfolio solutions | |||||||||||||||||||||
proceeds from (repayment of) match funded liabilities | -7,482,000 | ||||||||||||||||||||
proceeds from (repayment of) lines of credit and other secured borrowings | -161,319,000 | ||||||||||||||||||||
repayments of lines of credit and other secured borrowings | |||||||||||||||||||||
proceeds from investment line | 84,744,000 | -14,554,000 | |||||||||||||||||||
net proceeds from sale-leaseback of orlando property | |||||||||||||||||||||
net cash paid in connection with assignment of orlando property lease | |||||||||||||||||||||
net cash provided (used) by financing activities | -68,148,000 | ||||||||||||||||||||
cash at end of year | |||||||||||||||||||||
income tax (payments) refunds | |||||||||||||||||||||
real estate acquired through foreclosure | |||||||||||||||||||||
equipment acquired through capital leases | |||||||||||||||||||||
mortgage assumed by buyer in connection with sale-leaseback of orlando property | |||||||||||||||||||||
derecognition of premises and equipment | |||||||||||||||||||||
derecognition of lease obligation | |||||||||||||||||||||
net assets distributed in connection with the spin-off of altisource portfolio solutions, excluding cash | |||||||||||||||||||||
supplemental business acquisitions information | |||||||||||||||||||||
less cash acquired | |||||||||||||||||||||
adjustments to reconcile net income to net cash provided (used) by operating activities | |||||||||||||||||||||
provision for (reversal of) impairment of investment in bankhaus oswald kruber gmbh & co. kg | |||||||||||||||||||||
loss on repurchase of debt securities | |||||||||||||||||||||
reversal of valuation allowance on deferred tax assets | |||||||||||||||||||||
excess tax benefits related to share-based awards | -118,000 | ||||||||||||||||||||
decrease in deferred tax assets other than reversal of valuation allowance | |||||||||||||||||||||
distributions from ocwen structured investments, llc and ocwen nonperforming loans, llc and related entities | 4,298,000 | ||||||||||||||||||||
investment in ocwen nonperforming loans, llc and related entities | -298,000 | ||||||||||||||||||||
proceeds from sale of mortgage servicing rights accounted for as a financing | |||||||||||||||||||||
discount accretion on securities | |||||||||||||||||||||
impairment of mortgage servicing assets | 2,223,000 | ||||||||||||||||||||
impairment of investment in bankhaus oswald kruber gmbh & co. kg | 0 | 0 | |||||||||||||||||||
loss on redemption of certificates of deposit | |||||||||||||||||||||
gain on sale and leaseback of orlando property | |||||||||||||||||||||
decrease in deferred tax asset other than reversal of valuation allowance | |||||||||||||||||||||
investment in ocwen structured investments, llc | |||||||||||||||||||||
return of investment in bms holdings, inc. | |||||||||||||||||||||
investment in bms holdings, inc. | |||||||||||||||||||||
cash paid to acquire nci holdings, inc., net of cash acquired | |||||||||||||||||||||
investment in certificates of deposit | |||||||||||||||||||||
proceeds from (repayments of) lines of credit and other secured borrowings | |||||||||||||||||||||
proceeds from (repayments of) match funded liabilities | |||||||||||||||||||||
supplemental disclosure of cash flow information | |||||||||||||||||||||
cash paid during the period for | |||||||||||||||||||||
interest | |||||||||||||||||||||
income tax refunds | |||||||||||||||||||||
supplemental schedule of non-cash investing and financing activities | |||||||||||||||||||||
supplemental schedule of business acquisitions and consolidation of vie | |||||||||||||||||||||
net cash acquired | |||||||||||||||||||||
premium amortization (discount accretion) on securities | |||||||||||||||||||||
gain on repurchase of debt | 0 | ||||||||||||||||||||
decrease in deferred tax asset | 6,753,000 | ||||||||||||||||||||
amortization of servicing rights | |||||||||||||||||||||
provision for bad debts and loan charge-offs | |||||||||||||||||||||
net cash used by trading activities | |||||||||||||||||||||
net cash provided (used) by loans held for resale activities | |||||||||||||||||||||
net cash used by operating activities | |||||||||||||||||||||
distributions from ocwen nonperforming loans, llc and related entities | |||||||||||||||||||||
investment in ocwen reo, llc | |||||||||||||||||||||
provision for bad debts and charge-offs | |||||||||||||||||||||
reversal of valuation allowance on deferred tax asset | |||||||||||||||||||||
increase in advances and match funded advances | |||||||||||||||||||||
investment in npl company i, llc |
