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Stockholders' Equity
9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Stockholders' Equity
Note 15 – Stockholders’ Equity
On May 20, 2022, Ocwen’s Board of Directors authorized a share repurchase program for an aggregate amount of up to $50.0 million of Ocwen’s issued and outstanding shares of common stock. The repurchase program is intended to qualify for the affirmative defense provided by Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. Through September 30, 2022, we have completed the repurchase of 1,338,498 shares of our common stock in the open market under this program at prevailing market prices for a total purchase price of $38.7 million (excluding commissions) at an average price per share of $28.93. The repurchased shares were retired as of September 30, 2022. Unless Ocwen amends the share repurchase program or
repurchases the full $50.0 million amount by an earlier date, the share repurchase program will continue through November 20, 2022. No assurances can be given as to the amount of shares, if any, that Ocwen may repurchase in any given period. Also refer to Note 23 – Subsequent Events.