Items Tagged with 'William Erby'


  • Ocwen to restate 2Q14 earnings

    There may be a "material weakness"
    Ocwen Financial Services Corp. said it would restate earnings because of accounting problems, after its auditor found what may be "a material weakness'' in the way it recorded the value of certain debt.
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  • Ocwen Posts $15.6 Million Q3 Profit

    Despite the pressures pushing and pulling on any servicer these days, Ocwen Financial Corp. [stock OCN][/stock] said Thursday that it made $15.6 million, or $.23/share, during the third quarter, more than 160 percent above year-ago's $6.0 million, or $.09/share, in reported net income. The West Palm Beach, Fla.-based company maintains a large non-prime servicing platform and a substantial mortgage and finance technology solutions business.
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  • Ocwen CEO Leads Bid to Take Servicer Private

    Ocwen Financial Corporation, one of the nation's larger subprime servicers, said late Tuesday that it is entertaining an offer from a group of investors led by none other than CEO and chairman William Erby to acquire the company for $7.00 per share in cash. The West Palm Beach, Florida-based company said it had formed a special committee to review the offer.
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