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Profile - Ocwen Financial Corp. (NYSE:OCN)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Financials
Recent Events
Aug  8Conference call: Ocwen Financial Corporation Earnings (Q2)
Aug  8Earnings Announcement
July 26Price hit new 52-week high ($11.37)
Location
1675 Palm Beach Lakes Blvd.
The Forum, Suite 1000
West Palm Beach, FL 33401
Phone: (561) 682-8000
Fax: (561) 681-8177
Email: investorrelation@ocwen.com
Employees (last reported count): 1,217
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: S&Ls/Savings Banks
Company Websites
 ·Home Page
 ·Investor Relations
 ·Employment
 ·Yahoo! Category

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Ownership
·Insider and 5%+ Owners: 56%
·Over the last 6 months:
 · 3 insider sells; 32.0K shares
·Institutional: 41% (93% of float)
(139 institutions)
·Net Inst. Buying: 4.75M shares (+14.76%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Ocwen Financial Corporation is a financial services company whose primary businesses are the servicing and resolution of subperforming and non-performing residential and commercial mortgage loans, as well as the related development of loan servicing technology and business-to-business e-commerce solutions for the mortgage and real estate industries. The Company's business segments consist of single-family residential discount loan acquisition and resolution activities, including real estate owned; commercial loan activities, including commercial discount loans and real estate owned; servicing of domestic residential mortgage loans for others; investments in low-income housing tax credit interests; technology, which is conducted through Ocwen Technology Xchange and its subsidiaries; commercial real estate; United Kingdom operations; domestic sub-prime single-family residential lending; unsecured collections; Ocwen Realty Advisors, and corporate items and other.
More from Market Guide: Expanded Business Description

Financial Summary
Ocwen Financial, a savings and loan holding company, is engaged in the acquisition, servicing and resolution of subperforming and nonperforming mortgage loans. For the six months ended 6/30/01, interest income fell 49% to $50 million. Net interest loss after loan loss provision totalled $20 million vs. income of $3.7 million. Net loss before extraordinary items totalled $47.4 million, up from $12.5 million. Results reflect a decrease in loan portfolio, and higher technology and communications costs.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

William Erbey, 51
Chairman and CEO
$709K
Ronald Faris, 38
Pres of the Company and Bank
530K
John Erbey, 60
Sr. Managing Director, Gen. Counsel and Sec.
599K
Mark Zeidman, 49
Sr. VP, CFO, Chief Investment Officer
487K
John Barnes, 58
Sr. VP
--  
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NYSE:OCNAs of 31-Aug-2001
Price and Volume
52-Week Low
on 21-Dec-2000
$4.50 
Recent Price$9.40 
52-Week High
on 26-July-2001
$11.37 
Beta0.86 
Daily Volume (3-month avg)91.1K
Daily Volume (10-day avg)48.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y]
52-Week Change+63.5%
52-Week Change
relative to S&P500
+119.3%
Share-Related Items
Market Capitalization$632.3M
Shares Outstanding67.3M
Float29.6M
Dividends & Splits
Annual Dividendnone 
Last Split: 2 for 1 on 21-Nov-1997
Per-Share Data
Book Value (mrq)$6.82 
Earnings (ttm)-$0.76 
Earnings (mrq)-$0.32 
Sales (ttm)$2.03 
Cash (mrq)$0.78 
Valuation Ratios
Price/Book (mrq)1.38 
Price/EarningsN/A 
Price/Sales (ttm)4.63 
Income Statements
Sales (ttm)$136.3M
EBITDAN/A 
Income available to common (ttm)-$51.3M
Profitability
Profit Margin (ttm)-37.7%
Operating Margin (ttm)-17.0%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)-2.05%
Return on Equity (ttm)-10.57%
Financial Strength
Current RatioN/A 
Debt/EquityN/A 
Total Cash (mrq)$52.4M
Short Interest
As of 8-Aug-2001
Shares Short673.0K
Percent of Float2.3%
Shares Short
(Prior Month)
595.0K
Short Ratio5.75 
Daily Volume117.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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