New Risk • Jul 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 26% per year for the foreseeable future. Announcement • Jun 02
Onity Group Inc. (NYSE:ONIT) announces an Equity Buyback for $20 million worth of its shares. Onity Group Inc. (NYSE:ONIT) announces a share repurchase program. Under the program, the company will repurchase up to $20 million worth of its shares. The purpose is to deploy capital and provide returns to the shareholders. The repurchased shares will be retired and cancelled. The repurchase program is valid till June 30, 2027. Reported Earnings • May 06
First quarter 2026 earnings released: EPS: US$0.78 (vs US$2.68 in 1Q 2025) First quarter 2026 results: EPS: US$0.78 (down from US$2.68 in 1Q 2025). Revenue: US$294.3m (up 18% from 1Q 2025). Net income: US$6.60m (down 69% from 1Q 2025). Profit margin: 2.2% (down from 8.4% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Diversified Financial industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 127% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$38.89, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Diversified Financial industry in the United Kingdom. Total returns to shareholders of 38% over the past three years. Announcement • Apr 24
Onity Group Inc. to Report Q1, 2026 Results on May 05, 2026 Onity Group Inc. announced that they will report Q1, 2026 results at 8:30 AM, US Eastern Standard Time on May 05, 2026 Announcement • Feb 25
Onity Group Inc. Announces Executive Changes On February 24, 2026, Onity Group Inc. announced that Aulene Wessel has been named Senior Vice President and Chief Accounting Officer, effective February 23, 2026. Ms. Wessel reports to Sean O’Neil, Executive Vice President and Chief Financial Officer of Onity. Ms. Wessel is responsible for providing strategic leadership of the controllership function, overseeing all core accounting operations, internal controls, technical accounting, audits, and third-party service providers utilized for these services, as well as ensuring compliance with GAAP and other applicable regulations, rules and laws. Ms. Wessel, 43, served as Executive Vice President and Deputy Controller at Truist Bank from August 2024 through February 2026. She previously served as Head of Financial Reporting and Policy at SoFi Technologies from September 2023 through August 2024 and as Head of Accounting Implementation and Head of Accounting Policy at Silicon Valley Bank from May 2021 through June 2023. From 2008 through 2021 she also served in leadership roles at American Express, including most recently as Vice President and Controller, Global Merchant Services and Loyalty. Among other roles, she also previously served as a Finance Business Partner at Barclays and as an Audit Senior at BDO. Ms. Wessel holds a Bachelor of Accounting degree from the University of Stellenbosch, South Africa and a Bachelor of Commerce in Accounting postgraduate degree from the University of Natal, South Africa. She is certified as a Chartered Global Management Accountant in the United Kingdom by the Chartered Institute of Management Accountants. Ms. Wessel succeeds Francois Grunenwald in the role of Chief Accounting Officer. Mr. Grunenwald will be leaving the Company following a transition period. New Risk • Feb 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 27% per year for the foreseeable future. Reported Earnings • Feb 17
Full year 2025 earnings released: EPS: US$23.07 (vs US$4.27 in FY 2024) Full year 2025 results: EPS: US$23.07 (up from US$4.27 in FY 2024). Revenue: US$1.07b (up 9.3% from FY 2024). Net income: US$185.3m (up 455% from FY 2024). Profit margin: 17% (up from 3.4% in FY 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Diversified Financial industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. New Risk • Feb 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 23% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 23% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Reported Earnings • Feb 14
Full year 2025 earnings released: EPS: US$23.07 (vs US$4.27 in FY 2024) Full year 2025 results: EPS: US$23.07 (up from US$4.27 in FY 2024). Revenue: US$1.07b (up 9.3% from FY 2024). Net income: US$185.3m (up 455% from FY 2024). Profit margin: 17% (up from 3.4% in FY 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Diversified Financial industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Feb 12
Onity Group Inc. (NYSE:ONIT) announces an Equity Buyback for $10 million worth of its shares. Onity Group Inc. (NYSE:ONIT) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its shares. The shares repurchased will be retired and canceled. The program will be valid till August 2026. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to US$52.04, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Diversified Financial industry in the United Kingdom. Total returns to shareholders of 54% over the past three years. Announcement • Jan 06
Onity Group Inc. Announces Board Changes Onity Group Inc. announced the appointment of Dawn C. Morris to its Board of Directors, effective January 1, 2026. Concurrent with Ms. Morris’s appointment, the Board has temporarily increased its size to nine directors. The Board has determined that Ms. Morris is an independent director under the listing standards of the New York Stock Exchange and applicable rules of the Securities and Exchange Commission, including the independence standards applicable to members of compensation committees and audit committees. Dawn C. Morris, 58, is the Founder and CEO of Growth Partners Group, LLC, a strategic consulting firm that serves clients in strategic business transformation and innovation. Prior to founding Growth Partners Group in November 2020, she was the Chief Digital and Marketing Officer at First Horizon National Corporation from September 2018 to January 2020. Ms. Morris was an Army Captain in the 530th Supply and Service Battalion after graduating from the United States Military Academy at West Point. Following her service in the Army, she joined RBC Bank starting as a Banking Center Manager and eventually becoming Vice President of Retail/Small Business Client and Branch Strategy, then RBS Citizens Financial Group as Senior Vice President responsible for Business Banking Product Management then Customer Segment and Product Marketing followed by Webster Bank as Executive Vice President and Chief Marketing Officer. Ms. Morris also serves on the board of directors of America’s Car-Mart Inc. and First Financial Bancorp, and she is a member of the Junior League of Boca Raton and Impact 100 Palm Beach County. Previously she served on the boards of The Hartford Stage, the Girl Scouts of Connecticut, and the Governor’s Partnership of Connecticut. Ms. Morris holds a Bachelor of Science in International Relations from the United States Military Academy at West Point. Jenne K. Britell has decided not to stand for re-election at Onity’s 2026 Annual Meeting of Shareholders scheduled for May 19, 2026, but will continue to serve on the Board until that time. Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: US$2.20 (vs US$2.72 in 3Q 2024) Third quarter 2025 results: EPS: US$2.20 (down from US$2.72 in 3Q 2024). Revenue: US$280.3m (up 5.5% from 3Q 2024). Net income: US$17.7m (down 17% from 3Q 2024). Profit margin: 6.3% (down from 8.1% in 3Q 2024). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 26% decline forecast for the Diversified Financial industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Oct 07
Onity Group Inc., Annual General Meeting, May 20, 2026 Onity Group Inc., Annual General Meeting, May 20, 2026. Announcement • Oct 04
Onity Group Inc. Announces Board and Committee Changes Onity Group Inc. announced that on September 30, 2025, the Board of Directors of Onity Group Inc. appointed Robert S. Welborn to serve as a director, effective October 1, 2025. Concurrent with Mr. Welborn’s appointment, the Board has temporarily increased its size to eight directors. The Board has determined that Mr. Welborn is an independent director under the listing standards of the New York Stock Exchange and applicable rules of the Securities and Exchange Commission, including the independence standards applicable to members of compensation committees and audit committees. Mr. Welborn, 52, is self-employed as a marketing technology consultant. Since October 2021, he has served as a director of NOV Inc., an equipment and technology provider to the global energy industry. From November 2020 through August 2024, Mr. Welborn served as the Head of Data Science for Meta Inc. Prior to that, he was the Head of Programs Data Science, Small Business Group for Meta Inc. Before joining Meta Inc. in 2020, he held various positions within General Motors Company between 2018 and 2020, including Global Chief Data and Analytics Officer. Between 2009 and 2017, Mr. Welborn served in several positions of increasing responsibility at USAA, including Chief Data Scientist. Mr. Welborn holds a Bachelor of Science in Engineering from Texas A&M University and a Master of Business Administration from the University of California, San Diego. Effective with his appointment, Mr. Welborn has been appointed to serve on the Company’s Risk and Compliance Committee. In addition, DeForest B. Soaries, Jr., a director of the Company, has notified the Board that he has decided not to stand for re-election at the Company’s 2026 annual shareholder meeting, which is currently scheduled for May 20, 2026. Dr. Soaries will continue to serve on the Board until that time. The Board has determined that its size shall be decreased to seven effective immediately prior to the beginning of the 2026 annual shareholder meeting. Onity thanks Dr. Soaries for his many contributions over 11 years of service to the Company as a director. Dr. Soaries’ retirement from the Board is not due to any disagreement with the Company relating to its operations, policies or practices. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$45.34, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Diversified Financial industry in the United Kingdom. Total returns to shareholders of 61% over the past three years. Board Change • Aug 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Claudia Merkle was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 05
Second quarter 2025 earnings released: US$0.073 loss per share (vs US$1.34 profit in 2Q 2024) Second quarter 2025 results: US$0.073 loss per share (down from US$1.34 profit in 2Q 2024). Net loss: US$600.0k (down 106% from profit in 2Q 2024). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 18% decline forecast for the Diversified Financial industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 01
First quarter 2025 earnings released: EPS: US$2.68 (vs US$3.90 in 1Q 2024) First quarter 2025 results: EPS: US$2.68 (down from US$3.90 in 1Q 2024). Revenue: US$249.8m (up 4.5% from 1Q 2024). Net income: US$21.1m (down 30% from 1Q 2024). Profit margin: 8.4% (down from 13% in 1Q 2024). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 12% decline forecast for the Diversified Financial industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$34.66, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 15x in the Diversified Financial industry in the United Kingdom. Total returns to shareholders of 57% over the past three years. Announcement • Apr 16
Onity Group Inc., Annual General Meeting, May 21, 2025 Onity Group Inc., Annual General Meeting, May 21, 2025. Announcement • Apr 08
Onity Group Reportedly Evaluates Potential Sale of Company Onity Group Inc. (NYSE:ONIT) is considering sale of the mortgage servicing rights company. Onity fell 2%. Onity, formerly known as Owen Financial, is evaluating a potential sale, according to a report from Inside Mortgage Finance on April 07, 2025, which cited investment bankers who claim to have knowledge of the matter. West Palm Beach, Florida-based Onity didn't immediately respond to Seeking Alpha's email request for comment. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$26.89, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 17x in the Diversified Financial industry in the United Kingdom. Total returns to shareholders of 32% over the past three years. Board Change • Mar 11
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Claudia Merkle was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 14
Full year 2024 earnings released: EPS: US$4.28 (vs US$8.34 loss in FY 2023) Full year 2024 results: EPS: US$4.28 (up from US$8.34 loss in FY 2023). Revenue: US$976.0m (down 8.5% from FY 2023). Net income: US$33.4m (up US$97.1m from FY 2023). Profit margin: 3.4% (up from net loss in FY 2023). Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 17% decline forecast for the Diversified Financial industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$40.13, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 13x in the Diversified Financial industry in the United Kingdom. Total loss to shareholders of 1.7% over the past three years. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$35.45, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 13x in the Diversified Financial industry in the United Kingdom. Total loss to shareholders of 13% over the past three years. Board Change • Jan 21
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Claudia Merkle was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 04
Oaktree Capital Management, L.P. completed the acquisition of 15% stake in MSR Asset Vehicle, LLC from Onity Group Inc. (NYSE:ONIT) for $49.5 million. Oaktree Capital Management, L.P. agreed to acquire 15% stake in MSR Asset Vehicle, LLC from Onity Group Inc. (NYSE:ONIT) for $49 million on September 30, 2024. Closing of the Sale is expected to occur during the fourth quarter of 2024 and is subject to the consummation of a Debt Financing, the receipt of necessary regulatory consents and approvals, and other customary closing conditions.
Oaktree Capital Management, L.P. completed the acquisition of 15% stake in MSR Asset Vehicle, LLC from Onity Group Inc. (NYSE:ONIT) for $49.5 million on December 3, 2024. Reported Earnings • Nov 06
Third quarter 2024 earnings released: EPS: US$2.72 (vs US$1.11 in 3Q 2023) Third quarter 2024 results: EPS: US$2.72 (up from US$1.11 in 3Q 2023). Revenue: US$265.7m (up 4.0% from 3Q 2023). Net income: US$21.4m (up 152% from 3Q 2023). Profit margin: 8.1% (up from 3.3% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Diversified Financial industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Board Change • Aug 23
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Claudia Merkle was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$1.34 (vs US$2.03 in 2Q 2023) Second quarter 2024 results: EPS: US$1.34 (down from US$2.03 in 2Q 2023). Revenue: US$246.4m (down 9.4% from 2Q 2023). Net income: US$10.5m (down 32% from 2Q 2023). Profit margin: 4.3% (down from 5.7% in 2Q 2023). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 14% decline forecast for the Diversified Financial industry in the United Kingdom. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: US$3.91 (vs US$5.34 loss in 1Q 2023) First quarter 2024 results: EPS: US$3.91 (up from US$5.34 loss in 1Q 2023). Revenue: US$239.1m (down 8.7% from 1Q 2023). Net income: US$30.1m (up US$70.3m from 1Q 2023). Profit margin: 13% (up from net loss in 1Q 2023). Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 9.4% decline forecast for the Diversified Financial industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Board Change • May 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Director Claudia Merkle was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 30
Ocwen Loan Servicing, LLC and Ocwen Financial Corporation Propose Settlement A proposed settlement has been reached in a class action lawsuit called Weiner v. Ocwen Financial Corp., Case No. Case No. 14-cv-02597, (E.D. Cal.) (the Settlement). This Notice summarizes Class Members' rights and options. Plaintiff alleges that Ocwen Loan Servicing, LLC and its parent company Ocwen Financial Corporation (together, Defendants or Ocwen) over-charged borrowers for certain property valuation expenses, including Broker Price Opinions (BPOs) or Hybrid Valuations (Hybrids), which Plaintiff alleges contained undisclosed "mark-ups." Ocwen denies Plaintiff's claims, and all alleged wrongdoing associated with Plaintiff's claims. The Court has not decided who is right or wrong. Instead, the Parties have agreed to the Settlement to avoid the costs, risk, and delays associated with continuing this complex and time-consuming litigation. The Court certified a Nationwide Settlement Class that includes all residents of the United States of America who have or had a loan serviced by Ocwen and who paid for one or more BPOs or Hybrids charged by Ocwen through Altisource, from November 5, 2010 through September 29, 2017, the date of the class certification order in this action. The Court also certified a California Settlement Sub-Class that includes all residents of the State of California who have or had a loan serviced by Ocwen and to whom charges for one or more BPOs or Hybrids were assessed to their mortgage account by Ocwen through Altisource, from November 5, 2010 through September 29, 2017 (the class period"). The Nationwide Settlement Class and California Settlement Sub-Cass are collectively the Settlement Class. If approved, the Settlement will provide: A $60 reimbursement for each BPO fee that Settlement Class Members paid during the class period; A $70 reimbursement for each Hybrid fee that Settlement Class Members paid during the class period; Reversals and/or credits for any California Sub-Class Members who continue to have loans serviced by Ocwen, in the amount of $60 for each BPO and $70 for each Hybrid fee that was assessed to the Class Member during the class period but for which the Class Member has not paid; and Defendants' modification of disclosures to borrowers in valuation-related correspondence and reports, and in any applicable fee schedules, to identify, as applicable, the "reconciliation" service added by vendors to BPO and Hybrid products. Class Members can file a claim, request exclusion, object, or do nothing. File a Claim. To receive a payment from the Settlement, submit a valid claim electronically at website or postmarked by September 29, 2025. Announcement • Apr 04
Ocwen Financial Corporation, Annual General Meeting, May 28, 2024 Ocwen Financial Corporation, Annual General Meeting, May 28, 2024. Agenda: to consider proposal and approve name change of the company at its Annual Meeting of Shareholders. Announcement • Apr 02
Ocwen Financial Corporation Announces Board of Directors Changes Ocwen Financial Corporation announced the appointment of Claudia J. Merkle to its Board of Directors (“Board”), effective April 1, 2024. In addition, Phyllis R. Caldwell has notified the Board that she has decided not to stand for re-election at Ocwen’s 2024 Annual Meeting of Shareholders scheduled for May 28, 2024. Claudia Merkle currently serves as an Advisory Board member of HomeLend Inc. and is the former Chief Executive Officer of NMI Holdings Inc., a publicly traded private mortgage insurer and the parent company of National Mortgage Insurance Corporation (National MI), a position she held from 2019 to 2021. Under her leadership, National MI was recognized on Fortune’s 100 Fastest-Growing Companies list in 2020 and was consistently recognized as one of the best places to work in the U.S. In 2021, Ms. Merkle was named one of the Most Influential Women in the Bay Area by the San Francisco Business Times. Prior to her role as CEO, Ms. Merkle held multiple executive leadership positions since joining National MI in 2012, including President; Chief Operating Officer; Executive Vice President, Chief of Insurance Operations; and Senior Vice President, Underwriting Fulfillment and Risk Operations. Earlier in her career, she served as Vice President, National and Regional Accounts, Risk and Operations, and previously as Managing Director at PMI Mortgage Insurance Co. She holds a B.S. degree in management from the University of Pennsylvania’s Wharton School of Business. Board Change • Mar 28
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. Lead Independent Director Kevin Stein was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. Lead Independent Director Kevin Stein was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 09
Ocwen Financial Corporation Announces Executive Changes On December 8, 2023, Ocwen Financial Corporation announced that George T. Henley, Executive Vice President and Chief Growth Officer, will be leaving the Company after a transition period on December 31, 2023. Andy Peach, Senior Vice President, Business-to-Business Lending, who has been with the Company since March 2021, is currently serving as the interim leader of the Company’s Originations business. Board Change • Oct 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Lead Independent Director Kevin Stein was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Lead Independent Director Kevin Stein was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Lead Independent Director Kevin Stein was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 06
First quarter 2023 earnings released: US$5.32 loss per share (vs US$6.30 profit in 1Q 2022) First quarter 2023 results: US$5.32 loss per share (down from US$6.30 profit in 1Q 2022). Revenue: US$262.0m (up 13% from 1Q 2022). Net loss: US$40.0m (down 169% from profit in 1Q 2022). Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 27% growth forecast for the Diversified Financial industry in the United Kingdom. Announcement • May 04
Ocwen Financial Corporation Provides Update on Pending Litigation with the Consumer Financial Protection Bureau Ocwen Financial Corporation issued the following statement in response to rulings entered on May 2, 2023 by the United States District Court for the Southern District of Florida in the Company’s pending litigation with the Consumer Financial Protection Bureau (“CFPB”). In those rulings, the district court granted in full Ocwen’s motion for summary judgment on the CFPB’s remaining claims, entered final judgment in the Company’s favor, and closed the case. Board Change • May 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Lead Independent Director Kevin Stein was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Lead Independent Director Kevin Stein was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: US$3.28 (vs US$2.00 in FY 2021) Full year 2022 results: EPS: US$3.28 (up from US$2.00 in FY 2021). Revenue: US$954.0m (down 9.2% from FY 2021). Net income: US$26.0m (up 44% from FY 2021). Profit margin: 2.7% (up from 1.7% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Mortgage industry in Europe. Board Change • Feb 10
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Lead Independent Director Kevin Stein was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 25
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Independent Director Kevin Stein was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 24
Ocwen Financial Corporation Announces Board Changes Ocwen Financial Corporation announced that its Board of Directors has unanimously elected Glen A. Messina as Chair of the Board, effective January 23, 2023. Mr. Messina will continue to serve as President and Chief Executive Officer of Ocwen, a position he has held, along with serving on the Board as a director, since October 2018. Mr. Messina succeeds Phyllis R. Caldwell, who has successfully served as Chair since March 2016 and as a director since January 2015. Ms. Caldwell will remain on the Board as an independent director and intends to stand for re-election at the next Annual meeting. In accordance with the Company’s Corporate Governance Guidelines and to provide effective oversight and independence of the Board, the Board appointed Kevin Stein as Lead Independent Director. Mr. Stein has served as an independent director on Ocwen’s Board since February 2019. The Board has determined that combining the Chair of the Board and Chief Executive Officer positions, along with appointing a Lead Independent Director, is the appropriate structure for the Company at this time and helps provide strong and consistent leadership for the management team and its Board. The Board believes that Mr. Messina’s knowledge and background with the Company, deep industry experience, demonstrated leadership capability and track record of delivering results benefits Ocwen’s shareholders, customers and employees and uniquely positions him to lead the Board and continue to oversee the Company’s strategic initiatives. Board Change • Jan 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Independent Director Kevin Stein was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director Kevin Stein was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director Kevin Stein was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: US$4.33 (vs US$2.35 in 3Q 2021) Third quarter 2022 results: EPS: US$4.33 (up from US$2.35 in 3Q 2021). Revenue: US$249.7m (down 12% from 3Q 2021). Net income: US$36.9m (up 71% from 3Q 2021). Profit margin: 15% (up from 7.6% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Mortgage industry in Europe. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 19% share price gain to US$30.14, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Mortgage industry in Europe. Total loss to shareholders of 13% over the past year. Board Change • Oct 28
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director Kevin Stein was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 12
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director Kevin Stein was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Sep 26
Insider recently bought US$3.8m worth of stock On the 19th of September, Howard Amster bought around 136k shares on-market at roughly US$27.78 per share. This transaction amounted to 98% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$4.0m more in shares than they have sold in the last 12 months. Board Change • Sep 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director Kevin Stein was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director Kevin Stein was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director Kevin Stein was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director Kevin Stein was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 17% share price gain to US$27.42, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 11x in the Mortgage industry in Europe. Total loss to shareholders of 21% over the past year. Recent Insider Transactions • May 26
CEO, President & Director recently bought US$79k worth of stock On the 24th of May, Glen Messina bought around 3k shares on-market at roughly US$26.18 per share. This was the largest purchase by an insider in the last 3 months. This was Glen's only on-market trade for the last 12 months. Reported Earnings • May 07
First quarter 2022 earnings released: EPS: US$6.30 (vs US$0.98 in 1Q 2021) First quarter 2022 results: EPS: US$6.30 (up from US$0.98 in 1Q 2021). Revenue: US$231.6m (up 12% from 1Q 2021). Net income: US$58.1m (up US$49.5m from 1Q 2021). Profit margin: 25% (up from 4.1% in 1Q 2021). The increase in margin was primarily driven by lower expenses. Over the next year, revenue is forecast to stay flat compared to a 13% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Apr 28
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director Kevin Stein was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director Kevin Stein was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 24% share price gain to US$38.96, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Mortgage industry in Europe. Breakeven Date Change • Oct 16
Forecast to breakeven in 2021 The 3 analysts covering Ocwen Financial expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$19.7m in 2021. Earnings growth of 72% is required to achieve expected profit on schedule. Recent Insider Transactions • Aug 19
Independent Director recently bought US$115k worth of stock On the 16th of August, Jacques Busquet bought around 4k shares on-market at roughly US$28.75 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$210k more in shares than they have sold in the last 12 months. Breakeven Date Change • Aug 17
Forecast to breakeven in 2021 The analyst covering Ocwen Financial expects the company to break even for the first time. New forecast suggests the company will make a profit of US$39.3m in 2021. Earnings growth of 116% is required to achieve expected profit on schedule. 
