Despite rumors and some reports to the contrary, Ocwen Financial Corp. is very much alive in all its businesses, with plans for an active calendar of new financings including at least four more securitizations over the balance of 1999, according to management.

Ocwen's vice president of corporate communications Richard Hurwitz said that the published reports it was exiting the subprime origination business are "totally incorrect." He said these are just rumors and the company "categorically denies" them.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.