Subsidy Tracker Parent Company Summary
Parent Company Name:
Ocwen Financial
Ownership Structure:
publicly traded (ticker symbol OCN)
Headquartered in:
Georgia
Major Industry:
financial services
Specific Industry:
financial services
| Subsidy Summary | Subsidy Value | Number of Awards |
|---|---|---|
| State/Local | $11,405,724 | 7 |
| Federal (grants and allocated tax credits) | $434,094,892 | 5 |
| TOTAL | $445,500,616 | 12 |
| Loan / Bailout Summary | Total Face Value | Number of Awards |
| State/Local loans, bond financing and venture capital | $0 | 0 |
| Federal loans, loan guarantees and bailout assistance (not including repayments) | $2,933,900,000 | 99 |
| TOTAL | $2,933,900,000 | 99 |
Time Period for State and Local Awards:
Earliest year of data: 1997. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2005.
Time Period for Federal Awards:
FY2000 to the present
Notes:
Dollar totals do not include awards for which no subsidy value is disclosed.
Associated Names:
AH MORTGAGE ADVANCE TRUST 2009; CHESAPEAKE FUNDING; FIRST FLEET; HOMEQ SERVICING; HOMEWARD RESIDENTIAL; LITTON LOAN SERVICING LP; OCWEN FINANCIAL; OCWEN SERVICER ADVANCE RECEIVABLES FUNDING II; Option One Mortgage; PHH
Links:
For a summary of this company's regulatory violations see its Violation Tracker summary page here.
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
|---|---|---|
| New Jersey | $4,914,500 | 2 |
| New York | $3,417,024 | 2 |
| Florida | $3,056,000 | 2 |
| California | $18,200 | 1 |
Individual Subsidy Records:
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| Company | Location | Subsidy Source | Year |
Subsidy Value |
Loan/Bailout Value | Type of Subsidy |
|---|---|---|---|---|---|---|
| Ocwen Financial Corporation, Inc. | United States | federal | 2009 | $306,403,151 | federal grant | |
| Homeward Residential, Inc. | United States | federal | 2009 | $94,837,607 | federal grant | |
| Litton Loan Servicing LP | United States | federal | 2009 | $27,530,414 | federal grant | |
| HomEq Servicing | United States | federal | 2009 | $5,272,500 | federal grant | |
| PHH Mortgage Corporation | New York | state | 2015 | $3,000,000 | tax credit/rebate | |
| PHH Mortgage Corp. | New Jersey | state | 1997 | $2,840,000 | grant | |
| PHH Mortgage Corporation | Florida | state | 2005 | $2,400,000 | tax credit/rebate | |
| PHH Mortgage Corporation | New Jersey | state | 2012 | $2,074,500 | grant | |
| Option One Mortgage | Florida | state | 2005 | $656,000 | tax credit/rebate | |
| PHH Mortgage Corp | New York | local | 2013 | $417,024 | tax credit/rebate; property tax abatement | |
| PHH Mortgage Corporation | United States | federal | 2009 | $51,220 | federal grant | |
| OPTION ONE MORTGAGE CORPORATION | California | state | 2004 | $18,200 | training reimbursement | |
| Chesapeake Funding LLC | United States | federal | 2009 | $289,300,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $103,500,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $99,000,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $90,000,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV3 | United States | federal | 2009 | $85,000,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $82,900,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $72,000,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV3 | United States | federal | 2009 | $71,400,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV1 | United States | federal | 2009 | $71,000,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $66,800,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV1 | United States | federal | 2009 | $64,500,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV1 | United States | federal | 2009 | $64,500,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV3 | United States | federal | 2009 | $63,800,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV3 | United States | federal | 2009 | $55,300,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $54,200,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV1 | United States | federal | 2009 | $51,600,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV2 | United States | federal | 2009 | $47,300,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $46,800,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV1 | United States | federal | 2009 | $43,000,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV3 | United States | federal | 2009 | $42,500,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $36,500,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $36,000,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV1 | United States | federal | 2009 | $34,400,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV1 | United States | federal | 2009 | $34,400,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV1 | United States | federal | 2009 | $34,400,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $34,200,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV3 | United States | federal | 2009 | $34,000,000 | federal loan or loan guarantee | |
| OCWEN Servicer Advance Receivables Funding Company II LTD. | United States | federal | 2009 | $33,600,000 | federal loan or loan guarantee | |
| OCWEN Servicer Advance Receivables Funding Company II LTD. | United States | federal | 2009 | $33,600,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $31,100,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $27,000,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $27,000,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $27,000,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV3 | United States | federal | 2009 | $25,500,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV3 | United States | federal | 2009 | $25,500,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV3 | United States | federal | 2009 | $25,500,000 | federal loan or loan guarantee | |
| OCWEN Servicer Advance Receivables Funding Company II LTD. | United States | federal | 2010 | $25,500,000 | federal loan or loan guarantee | |
| OCWEN Servicer Advance Receivables Funding Company II LTD. | United States | federal | 2009 | $25,200,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $24,000,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $22,500,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $22,300,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2010 | $22,300,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2010 | $21,900,000 | federal loan or loan guarantee | |
| OCWEN Servicer Advance Receivables Funding Company II LTD. | United States | federal | 2009 | $20,200,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $19,600,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $19,600,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $19,600,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $18,000,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $18,000,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $18,000,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $17,300,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV3 | United States | federal | 2009 | $17,000,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV3 | United States | federal | 2009 | $17,000,000 | federal loan or loan guarantee | |
| OCWEN Servicer Advance Receivables Funding Company II LTD. | United States | federal | 2010 | $17,000,000 | federal loan or loan guarantee | |
| OCWEN Servicer Advance Receivables Funding Company II LTD. | United States | federal | 2010 | $17,000,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $16,300,000 | federal loan or loan guarantee | |
| OCWEN Servicer Advance Receivables Funding Company II LTD. | United States | federal | 2009 | $15,100,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV2 | United States | federal | 2009 | $13,800,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV2 | United States | federal | 2009 | $13,800,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV3 | United States | federal | 2009 | $12,800,000 | federal loan or loan guarantee | |
| OCWEN Servicer Advance Receivables Funding Company II LTD. | United States | federal | 2010 | $12,800,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $12,500,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $12,400,000 | federal loan or loan guarantee | |
| OCWEN Servicer Advance Receivables Funding Company II LTD. | United States | federal | 2010 | $11,900,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $11,300,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $11,300,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV2 | United States | federal | 2009 | $11,200,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV2 | United States | federal | 2009 | $11,200,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV1 | United States | federal | 2009 | $10,800,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV1 | United States | federal | 2009 | $10,800,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV1 | United States | federal | 2009 | $10,800,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV1 | United States | federal | 2009 | $10,800,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV1 | United States | federal | 2009 | $10,800,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV1 | United States | federal | 2009 | $10,800,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV1 | United States | federal | 2009 | $10,800,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $10,800,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $10,800,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $10,700,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $10,400,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $10,400,000 | federal loan or loan guarantee | |
| AH Mortgage Advance Trust 2009-ADV2 | United States | federal | 2009 | $10,300,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $10,200,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $10,200,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $10,200,000 | federal loan or loan guarantee | |
| OCWEN Servicer Advance Receivables Funding Company II LTD. | United States | federal | 2010 | $10,200,000 | federal loan or loan guarantee | |
| OCWEN Servicer Advance Receivables Funding Company II LTD. | United States | federal | 2010 | $10,200,000 | federal loan or loan guarantee | |
| OCWEN Servicer Advance Receivables Funding Company II LTD. | United States | federal | 2010 | $10,200,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $10,100,000 | federal loan or loan guarantee | |
| Chesapeake Funding LLC | United States | federal | 2009 | $10,100,000 | federal loan or loan guarantee |
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