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MarketScreener Homepage  >  Equities  >  Nyse  >  Ocwen Financial Corporation    OCN

OCWEN FINANCIAL CORPORATION

(OCN)
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J.P. Morgan Buyer of $45 Billion Ocwen Servicing Rights -Bloomberg

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03/17/2015 | 03:13pm EDT

J.P. Morgan Chase & Co. (>> JPMorgan Chase & Co.) is buying the servicing rights to $45 billion in home loans from Ocwen Financial Corp. (>> Ocwen Financial Corp), Bloomberg News reported Tuesday on its website, citing a person familiar with the transaction.

Earlier this month Ocwen announced it had signed a letter of intent to sell a loan servicing portfolio of that size, but did not identify the buyer. The buyer is J.P. Morgan, the person told Bloomberg.

Full story at: www.bloomberg.com/news/articles/2015-03-17/jpmorgan-said-to-buy-45-billion-of-servicing-rights-from-ocwen

Write to nymonitoring@dowjones.com

Stocks mentioned in the article : JPMorgan Chase & Co., Ocwen Financial Corp
Stocks mentioned in the article
ChangeLast1st jan.
FIRST FINANCIAL CORPORATION 0.62% 30.73 Delayed Quote.-32.85%
OCWEN FINANCIAL CORPORATION -1.38% 22.93 Delayed Quote.13.14%
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All news about OCWEN FINANCIAL CORPORATION
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08/03Ocwen Financial Announces Reverse Stock Split
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Financials (USD)
Sales 2020 724 M - -
Net income 2020 -96,0 M - -
Net Debt 2020 - - -
P/E ratio 2020 -2,18x
Yield 2020 -
Capitalization 202 M 202 M -
Capi. / Sales 2020 0,28x
EV / Sales 2021
Nbr of Employees 5 500
Free-Float 91,0%
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Technical analysis trends OCWEN FINANCIAL CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Average target price 15,00 $
Last Close Price 23,25 $
Spread / Highest target -35,5%
Spread / Average Target -35,5%
Spread / Lowest Target -35,5%
EPS Revisions
Managers
NameTitle
Glen A. Messina President, Chief Executive Officer & Director
Phyllis R. Caldwell Chairman
June C. Campbell Chief Financial Officer & Executive Vice President
DeForest Blake Soaries Independent Director
Alan J. Bowers Independent Director