Longtime Ocwen Financial CEO Ron Faris to step down

As of January 16, 2015, Bill Erbey will step down as an officer and director of Ocwen, as well as from the boards of Ocwen’s related companies. The Operations Monitor will review Ocwen’s current committees of the Board of Directors and will consult with the Board relating to the committees.

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Ocwen Financial Corp agreed to replace its chairman as part of a $150 million settlement with New York’s financial regulator after the mortgage collection company admitted to violations, including.

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Ocwen Financial Corporation has named an interim CEO to replace the departing Ron Faris. Faris, the president and CEO of Ocwen, is retiring after 27 years with the company. He will officially step down June 30. The company is in the midst of acquiring PHH Corp., and had already named former PHH President and CEO Glenn Messina as Faris’ successor.

His experience working in financial. Faris, who is retiring as a Director at the Annual Meeting, is not independent due to serving as Ocwen’s President and Chief Executive Officer. In addition, our.

Messina will step down as president and chief executive officer and not stand for re-election as a director on the company’s board. Michael Bogansky, who previously served as senior vice president,

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Erbey will step down from his position as Executive Chairman of Ocwen Financial Corporation (OCN) and from his positions as Chairman of the Board of Directors of each of four related companies:.

Let’s take a closer look at Ocwen Financial and what it said about the past few months. Ocwen Financial’s first-quarter results weren’t pretty, but they also weren’t as bad as some had feared. Revenue.

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Ocwen Financial Corp. will pay $150 million toward homeowner aid and William C. Erbey, the company’s executive chairman, will step down, after reaching an agreement with the New York State.

That’s been a huge struggle for ocwen financial (nyse: OCN) recently. about $380 million in forward and reverse mortgage loans during the quarter. ceo ron faris highlighted numerous accomplishments.

OCWEN and its President, Ronald M. Faris, Called Out as "Two-Faced" May 18, 2010 / webmaster / 32 Comments Fred Weaver with special guest, Brian Gubernick, compare and contrast Mr. Faris’ statement to the press and his actions behind the scenes.