<SEC-DOCUMENT>0001019056-13-001366.txt : 20131219
<SEC-HEADER>0001019056-13-001366.hdr.sgml : 20131219
<ACCEPTANCE-DATETIME>20131219111446
ACCESSION NUMBER:		0001019056-13-001366
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20131219
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20131219
DATE AS OF CHANGE:		20131219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OCWEN FINANCIAL CORP
		CENTRAL INDEX KEY:			0000873860
		STANDARD INDUSTRIAL CLASSIFICATION:	MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162]
		IRS NUMBER:				650039856
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13219
		FILM NUMBER:		131287505

	BUSINESS ADDRESS:	
		STREET 1:		2002 SUMMIT BOULEVARD
		STREET 2:		6TH FLOOR
		CITY:			ATLANTA
		STATE:			2Q
		ZIP:			30319
		BUSINESS PHONE:		561-682-8000

	MAIL ADDRESS:	
		STREET 1:		2002 SUMMIT BOULEVARD
		STREET 2:		6TH FLOOR
		CITY:			ATLANTA
		STATE:			2Q
		ZIP:			30319

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	OCWEN FINANCIAL Corp
		DATE OF NAME CHANGE:	20110224

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	OCWEN FINANCIAL CORP
		DATE OF NAME CHANGE:	19960516
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>ocwen_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">


<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 12pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 4pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 14pt"><B>UNITED STATES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 14pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>Washington,
D.C. 20549</B></FONT></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 10pt; margin-bottom: 10pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT><FONT STYLE="font-size: 18pt"><B>FORM
8-K</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>Current Report</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>Pursuant to
Section 13 or 15 (d) of </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>the Securities
Exchange Act of 1934</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Date of Report
(Date of earliest event reported): December 19, 2013</B></FONT></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 10pt; margin-bottom: 10pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B></B></FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 24pt"><B>OCWEN FINANCIAL
CORPORATION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>(Exact name
of registrant as specified in its charter)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; width: 30%; font: bold 10pt  Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">Florida</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 5%; font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; width: 30%; font: bold 10pt  Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">1-13219</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 5%; font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; width: 30%; font: bold 10pt  Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">65-0039856</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: bold 10pt  Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">(State
    or other jurisdiction of<BR>
 incorporation)</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; font: bold 10pt  Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">(Commission
    File Number)</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; font: bold 10pt  Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">(IRS
    Employer Identification No.)</FONT></TD></TR>
</TABLE>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 10pt; margin-bottom: 10pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>2002 Summit
Boulevard</B>, <B>Sixth Floor</B>&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Atlanta, Georgia
30319</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>(Address of
principal executive offices)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Registrant&rsquo;s
telephone number, including area code: (561) 682-8000</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Not applicable.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>(Former name
or former address, if changed since last report)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Check the appropriate box below if
the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 5%; font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD STYLE="width: 90%; font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Written communications
    pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><FONT STYLE="font-family: Wingdings">o</FONT></FONT></TD>
    <TD STYLE="font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Soliciting material pursuant to Rule
    14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><FONT STYLE="font-family: Wingdings">o</FONT></FONT></TD>
    <TD STYLE="font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant
    to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><FONT STYLE="font-family: Wingdings">o</FONT></FONT></TD>
    <TD STYLE="font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant
    to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
</TABLE>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 0pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 4pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 10%; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Item
    8.01</FONT></TD>
    <TD STYLE="width: 90%; padding-left: 10pt; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Other
    Events.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-right: 0; margin-left: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-right: 0; margin-left: 0"><FONT STYLE="font-size: 10pt">Ocwen
Financial Corporation (&ldquo;Ocwen&rdquo;) has reached an agreement, which is subject to court approval, regarding previously
disclosed matters for which a reserve was previously established, involving the federal Consumer Financial Protection Bureau (CFPB)
and various state attorneys general and other agencies that regulate the mortgage servicing industry (collectively, &ldquo;Regulators&rdquo;).
As further detailed below, during the second quarter of 2013, Ocwen established a reserve which is expected to cover all but approximately
$0.5 million of its direct payment obligations in connection with the agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-right: 0; margin-left: 0"><FONT STYLE="font-size: 10pt">The
agreement has four key elements:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A
                                                                                                                                                                                                commitment
                                                                                                                                                                                                by
                                                                                                                                                                                                Ocwen
                                                                                                                                                                                                to
                                                                                                                                                                                                service
                                                                                                                                                                                                loans
                                                                                                                                                                                                in
                                                                                                                                                                                                accordance
                                                                                                                                                                                                with
                                                                                                                                                                                                specified
                                                                                                                                                                                                servicing
                                                                                                                                                                                                guidelines
                                                                                                                                                                                                and
                                                                                                                                                                                                to
                                                                                                                                                                                                be
                                                                                                                                                                                                subject
                                                                                                                                                                                                to
                                                                                                                                                                                                oversight
                                                                                                                                                                                                by
                                                                                                                                                                                                an
                                                                                                                                                                                                independent
                                                                                                                                                                                                national
                                                                                                                                                                                                monitor
                                                                                                                                                                                                for
                                                                                                                                                                                                three
                                                                                                                                                                                                years.
                                                                                                                                                                                                Ocwen
                                                                                                                                                                                                is
                                                                                                                                                                                                presently
                                                                                                                                                                                                subject
                                                                                                                                                                                                to
                                                                                                                                                                                                substantially
                                                                                                                                                                                                the
                                                                                                                                                                                                same
                                                                                                                                                                                                guidelines
                                                                                                                                                                                                and
                                                                                                                                                                                                oversight
                                                                                                                                                                                                with
                                                                                                                                                                                                respect
                                                                                                                                                                                                to
                                                                                                                                                                                                the
                                                                                                                                                                                                portion
                                                                                                                                                                                                of
                                                                                                                                                                                                its
                                                                                                                                                                                                servicing
                                                                                                                                                                                                portfolio
                                                                                                                                                                                                acquired
                                                                                                                                                                                                from
                                                                                                                                                                                                ResCap
                                                                                                                                                                                                in
                                                                                                                                                                                                early
                                                                                                                                                                                                2013.<BR>
                                                                                                                                                                                                <BR></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A
                                                                                                                                                                                                payment
                                                                                                                                                                                                of
                                                                                                                                                                                                $127.3
                                                                                                                                                                                                million,
                                                                                                                                                                                                which
                                                                                                                                                                                                includes
                                                                                                                                                                                                a
                                                                                                                                                                                                fixed
                                                                                                                                                                                                amount
                                                                                                                                                                                                for
                                                                                                                                                                                                administrative
                                                                                                                                                                                                expenses,
                                                                                                                                                                                                to
                                                                                                                                                                                                a
                                                                                                                                                                                                consumer
                                                                                                                                                                                                relief
                                                                                                                                                                                                fund
                                                                                                                                                                                                to
                                                                                                                                                                                                be
                                                                                                                                                                                                disbursed
                                                                                                                                                                                                by
                                                                                                                                                                                                an
                                                                                                                                                                                                independent
                                                                                                                                                                                                administrator
                                                                                                                                                                                                to
                                                                                                                                                                                                eligible
                                                                                                                                                                                                borrowers.
                                                                                                                                                                                                Pursuant
                                                                                                                                                                                                to
                                                                                                                                                                                                indemnification
                                                                                                                                                                                                and
                                                                                                                                                                                                loss
                                                                                                                                                                                                sharing
                                                                                                                                                                                                provisions
                                                                                                                                                                                                of
                                                                                                                                                                                                applicable
                                                                                                                                                                                                acquisition
                                                                                                                                                                                                documents,
                                                                                                                                                                                                approximately
                                                                                                                                                                                                half
                                                                                                                                                                                                of
                                                                                                                                                                                                this
                                                                                                                                                                                                consumer
                                                                                                                                                                                                relief
                                                                                                                                                                                                fund
                                                                                                                                                                                                payment
                                                                                                                                                                                                is
                                                                                                                                                                                                to
                                                                                                                                                                                                be
                                                                                                                                                                                                funded
                                                                                                                                                                                                by
                                                                                                                                                                                                the
                                                                                                                                                                                                former
                                                                                                                                                                                                owners
                                                                                                                                                                                                of
                                                                                                                                                                                                certain
                                                                                                                                                                                                servicing
                                                                                                                                                                                                portfolios
                                                                                                                                                                                                previously
                                                                                                                                                                                                acquired
                                                                                                                                                                                                by
                                                                                                                                                                                                Ocwen
                                                                                                                                                                                                and
                                                                                                                                                                                                integrated
                                                                                                                                                                                                into
                                                                                                                                                                                                Ocwen&#8217;s
                                                                                                                                                                                                servicing
                                                                                                                                                                                                platform.
                                                                                                                                                                                                Ocwen
                                                                                                                                                                                                previously
                                                                                                                                                                                                established
                                                                                                                                                                                                a
                                                                                                                                                                                                reserve
                                                                                                                                                                                                of
                                                                                                                                                                                                $66.4
                                                                                                                                                                                                million
                                                                                                                                                                                                during
                                                                                                                                                                                                the
                                                                                                                                                                                                second
                                                                                                                                                                                                quarter
                                                                                                                                                                                                of
                                                                                                                                                                                                2013
                                                                                                                                                                                                with
                                                                                                                                                                                                respect
                                                                                                                                                                                                to
                                                                                                                                                                                                its
                                                                                                                                                                                                portion
                                                                                                                                                                                                of
                                                                                                                                                                                                the
                                                                                                                                                                                                payment
                                                                                                                                                                                                into
                                                                                                                                                                                                the
                                                                                                                                                                                                consumer
                                                                                                                                                                                                relief
                                                                                                                                                                                                fund.
                                                                                                                                                                                                This
                                                                                                                                                                                                reserve
                                                                                                                                                                                                is
                                                                                                                                                                                                expected
                                                                                                                                                                                                to
                                                                                                                                                                                                cover
                                                                                                                                                                                                all
                                                                                                                                                                                                but
                                                                                                                                                                                                approximately
                                                                                                                                                                                                $0.5
                                                                                                                                                                                                million
                                                                                                                                                                                                of
                                                                                                                                                                                                Ocwen&#8217;s
                                                                                                                                                                                                portion
                                                                                                                                                                                                of
                                                                                                                                                                                                the
                                                                                                                                                                                                consumer
                                                                                                                                                                                                relief
                                                                                                                                                                                                fund
                                                                                                                                                                                                payment.<BR>
                                                                                                                                                                                                <BR></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A
                                                                                                                                                                                                commitment
                                                                                                                                                                                                by
                                                                                                                                                                                                Ocwen
                                                                                                                                                                                                to
                                                                                                                                                                                                continue
                                                                                                                                                                                                its
                                                                                                                                                                                                principal
                                                                                                                                                                                                forgiveness
                                                                                                                                                                                                modification
                                                                                                                                                                                                programs
                                                                                                                                                                                                to
                                                                                                                                                                                                delinquent
                                                                                                                                                                                                and
                                                                                                                                                                                                underwater
                                                                                                                                                                                                borrowers,
                                                                                                                                                                                                including
                                                                                                                                                                                                underwater
                                                                                                                                                                                                borrowers
                                                                                                                                                                                                at
                                                                                                                                                                                                imminent
                                                                                                                                                                                                risk
                                                                                                                                                                                                of
                                                                                                                                                                                                default,
                                                                                                                                                                                                in
                                                                                                                                                                                                an
                                                                                                                                                                                                aggregate
                                                                                                                                                                                                amount
                                                                                                                                                                                                of
                                                                                                                                                                                                at
                                                                                                                                                                                                least
                                                                                                                                                                                                $2
                                                                                                                                                                                                billion
                                                                                                                                                                                                over
                                                                                                                                                                                                three
                                                                                                                                                                                                years.
                                                                                                                                                                                                These
                                                                                                                                                                                                and
                                                                                                                                                                                                all
                                                                                                                                                                                                of
                                                                                                                                                                                                Ocwen&#8217;s
                                                                                                                                                                                                other
                                                                                                                                                                                                loan
                                                                                                                                                                                                modifications
                                                                                                                                                                                                are
                                                                                                                                                                                                designed
                                                                                                                                                                                                to
                                                                                                                                                                                                be
                                                                                                                                                                                                sustainable
                                                                                                                                                                                                for
                                                                                                                                                                                                homeowners
                                                                                                                                                                                                and
                                                                                                                                                                                                also
                                                                                                                                                                                                provide
                                                                                                                                                                                                positive
                                                                                                                                                                                                net
                                                                                                                                                                                                present
                                                                                                                                                                                                value
                                                                                                                                                                                                outcomes
                                                                                                                                                                                                for
                                                                                                                                                                                                mortgage
                                                                                                                                                                                                loan
                                                                                                                                                                                                investors.
                                                                                                                                                                                                Principal
                                                                                                                                                                                                forgiveness
                                                                                                                                                                                                as
                                                                                                                                                                                                part
                                                                                                                                                                                                of
                                                                                                                                                                                                a
                                                                                                                                                                                                loan
                                                                                                                                                                                                modification
                                                                                                                                                                                                is
                                                                                                                                                                                                determined
                                                                                                                                                                                                on
                                                                                                                                                                                                a
                                                                                                                                                                                                case-by-case
                                                                                                                                                                                                basis
                                                                                                                                                                                                in
                                                                                                                                                                                                accordance
                                                                                                                                                                                                with
                                                                                                                                                                                                the
                                                                                                                                                                                                applicable
                                                                                                                                                                                                servicing
                                                                                                                                                                                                agreement.
                                                                                                                                                                                                Principal
                                                                                                                                                                                                forgiveness
                                                                                                                                                                                                does
                                                                                                                                                                                                not
                                                                                                                                                                                                involve
                                                                                                                                                                                                an
                                                                                                                                                                                                expense
                                                                                                                                                                                                to
                                                                                                                                                                                                Ocwen
                                                                                                                                                                                                other
                                                                                                                                                                                                than
                                                                                                                                                                                                the
                                                                                                                                                                                                operating
                                                                                                                                                                                                expense
                                                                                                                                                                                                incurred
                                                                                                                                                                                                in
                                                                                                                                                                                                arranging
                                                                                                                                                                                                the
                                                                                                                                                                                                modification,
                                                                                                                                                                                                which
                                                                                                                                                                                                is
                                                                                                                                                                                                part
                                                                                                                                                                                                of
                                                                                                                                                                                                Ocwen&#8217;s
                                                                                                                                                                                                role
                                                                                                                                                                                                as
                                                                                                                                                                                                loan
                                                                                                                                                                                                servicer.<BR>
                                                                                                                                                                                                <BR></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Ocwen
                                                                                                                                                                                                and
                                                                                                                                                                                                the
                                                                                                                                                                                                former
                                                                                                                                                                                                owners
                                                                                                                                                                                                of
                                                                                                                                                                                                certain
                                                                                                                                                                                                of
                                                                                                                                                                                                the
                                                                                                                                                                                                acquired
                                                                                                                                                                                                servicing
                                                                                                                                                                                                portfolios
                                                                                                                                                                                                will
                                                                                                                                                                                                receive
                                                                                                                                                                                                from
                                                                                                                                                                                                the
                                                                                                                                                                                                Regulators
                                                                                                                                                                                                comprehensive
                                                                                                                                                                                                releases,
                                                                                                                                                                                                subject
                                                                                                                                                                                                to
                                                                                                                                                                                                certain
                                                                                                                                                                                                exceptions,
                                                                                                                                                                                                from
                                                                                                                                                                                                liability
                                                                                                                                                                                                with
                                                                                                                                                                                                respect
                                                                                                                                                                                                to
                                                                                                                                                                                                residential
                                                                                                                                                                                                mortgage
                                                                                                                                                                                                servicing,
                                                                                                                                                                                                modification
                                                                                                                                                                                                and
                                                                                                                                                                                                foreclosure
                                                                                                                                                                                                practices.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-right: 0; margin-left: 0; margin-top: 10pt"><FONT STYLE="font-size: 10pt">If
the agreement is approved, it will be reflected in a consent judgment of the United States District Court for the District of
Columbia.</FONT></P>
<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 50%">&nbsp;</TD><TD STYLE="text-align: right; width: 50%"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0 0 10pt"><FONT STYLE="font-size: 10pt"><B>Forward Looking
Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">This
document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements by their nature address matters that
are, to different degrees, uncertain. Forward-looking statements involve a number of assumptions, risks and uncertainties that
could cause actual results to differ materially. Important factors that could cause actual results to differ materially from those
suggested by the forward-looking statements include, but are not limited to, the following: the characteristics of our servicing
portfolio, including prepayment speeds along with delinquency and advance rates; our ability to grow and adapt our business, including
the availability of new loan servicing and other accretive business opportunities; our ability to successfully modify delinquent
loans, manage foreclosures and sell foreclosed properties; our ability to effectively manage our exposure to interest rate changes;
uncertainty related to general economic and market conditions, delinquency rates, home prices and disposition timelines on foreclosed
properties; uncertainly related to acquisitions, including our ability to integrate the systems, procedures and personnel of acquired
assets or businesses; as well as other risks detailed in Ocwen&rsquo;s reports and filings with the Securities and Exchange Commission,
including its annual report on Form 10-K for the year ended December 31, 2012 and its quarterly reports on Form 10-Q for the quarters
ended March 31, 2013, June 30, 2013 and September 30, 2013. Anyone wishing to understand Ocwen&rsquo;s business should review
such filings. The forward-looking statements speak only as of the date they are made and except for our ongoing obligations under
the U.S. federal securities laws, we undertake no obligation to update or revise forward-looking statements whether as a result
of new information, future events or otherwise.</FONT></P>


<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>SIGNATURES
</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font-size: 10pt">Pursuant to the requirements of the
Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned,
hereunto duly authorized.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">OCWEN FINANCIAL CORPORATION</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">(Registrant)</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 50%; font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 45%; font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Date: December 19, 2013</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">/s/
    John V. Britti</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">John V. Britti</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Executive Vice President &amp; Chief
    Financial Officer</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt  Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">(On behalf of the Registrant
        and as its principal financial officer)</FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"></FONT></P></TD></TR>
</TABLE>

    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
