OCWEN FINANCIAL CORP
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
ONIT$32.11+3.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets at and
CONSOLIDATED BALANCE SHEETS
(Dollars in millions, except per share data)
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $201.6 | $208.0 |
| Restricted cash ($24.2 and $17.6 related to variable interest entities (VIEs)) | 53.5 | 66.2 |
| Mortgage servicing rights (MSRs), at fair value | 2,272.2 | 2,665.2 |
| Advances, net (amounts related to VIEs of $573.0 and $608.4) | 678.8 | 718.9 |
| Loans held for sale ($674.2 and $617.8 carried at fair value) ($269.6 and $0.0 related to VIEs) | 677.3 | 622.7 |
| Loans held for investment, at fair value ($5.6 and $6.7 related to VIEs) | 7,975.5 | 7,510.8 |
| Receivables, net ($19.9 and $0.0 related to VIEs) | 154.8 | 180.8 |
| Investment in equity method investee | 37.8 | 42.2 |
| Premises and equipment, net | 13.1 | 20.2 |
| Other assets ($22.0 and $8.0 carried at fair value) ($18.6 and $3.2 related to VIEs) | 449.2 | 364.2 |
| Total assets | $12,513.7 | $12,399.2 |
| Liabilities and Stockholders’ Equity | ||
| Liabilities | ||
| Home Equity Conversion Mortgage-Backed Securities (HMBS) related borrowings, at fair value | $7,797.3 | $7,326.8 |
| Other financing liabilities, at fair value ($409.2 and $329.8 due to related party) ($5.6 and $6.7 related to VIEs) | 900.0 | 1,137.4 |
| Advance match funded liabilities ($498.9 and $512.5 related to VIEs) | 499.7 | 513.7 |
| Mortgage loan financing facilities ($143.4 and $0.0 related to VIEs) | 710.6 | 702.7 |
| MSR financing facilities, net | 916.2 | 953.8 |
| Senior notes, net ($239.7 and $230.2 due to related parties) | 595.8 | 599.6 |
| Other liabilities ($7.2 and $15.8 carried at fair value) | 692.3 | 708.5 |
| Total liabilities | 12,111.9 | 11,942.5 |
| Commitments and Contingencies (Notes 25 and 26) | ||
| Stockholders’ Equity | ||
| Common stock, $.01 par value; 13,333,333 shares authorized; 7,684,401 and 7,526,117 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively | 0.1 | 0.1 |
| Additional paid-in capital | 554.5 | 547.0 |
| Accumulated deficit | (151.6) | (87.9) |
| Accumulated other comprehensive loss, net of income taxes | (1.2) | (2.5) |
| Total stockholders’ equity | 401.8 | 456.7 |
| Total liabilities and stockholders’ equity | $12,513.7 | $12,399.2 |
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