how many employees do we have right now, something like 7K? so, 800 people would be ~10%. A bit too much in my opinion, on the other hand Ocwen is a weird animal...

Apparently 800 people are leaving the company. No advanced notice of the layoff.

We were hit badly at FortWashington. It really sucked to see so many of my friends walking around with white envelopes. I was walking around with one as well. The Government loves to levy taxes on people, how about a tax on sending all of our jobs... — read more 

what's going on

I am grateful to still be employed since I wasn't on the chopping block today but Ocwen for lack of better words is full of shit. I am disgusted with the companies actions and this layoff has been planned a long time ago. They had no discretion in... — read more 

Anybody here from Atlanta? What's the news?

Question for FW - Who was affected? What was the severance?

Hundreds of people will be without a job next year as a major Waterloo employer has announced layoffs. Ocwen Financial -- the company that purchased GMAC Res-Cap's holdings last year -- will lay off 238 people next year. "After a long and thorough... — read more 

Was Liberty the only Ocwen unit affected today?

will be worse

We all saw the issues, nobody should be surprised

What a sleazy email

250 will be let go next year in Waterloo... It's a bloodshed...

As you may be aware, the reverse mortgage program has undergone a number of changes over the last year with additional changes planned in Q1, 2014. While these changes will help better position our industry for long-term growth, industry volume has... — read more 

Hi, anybody has details about severance? I am with OCWEN for about 4 years now, I might get axed... Just a gut feeling...

Layoffs confirmed

Some layoffs are ongoing