<SEC-DOCUMENT>0001019056-16-001392.txt : 20160628
<SEC-HEADER>0001019056-16-001392.hdr.sgml : 20160628
<ACCEPTANCE-DATETIME>20160628184151
ACCESSION NUMBER:		0001019056-16-001392
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20160625
FILED AS OF DATE:		20160628
DATE AS OF CHANGE:		20160628

ISSUER:		

	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

	BUSINESS ADDRESS:	
		STREET 1:		1661 WORTHINGTON ROAD
		STREET 2:		SUITE 100
		CITY:			WEST PALM BEACH
		STATE:			FL
		ZIP:			33409
		BUSINESS PHONE:		561-682-8000

	MAIL ADDRESS:	
		STREET 1:		1661 WORTHINGTON ROAD
		STREET 2:		SUITE 100
		CITY:			WEST PALM BEACH
		STATE:			FL
		ZIP:			33409

	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

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Cruz Marcelo G
		CENTRAL INDEX KEY:			0001651831

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13219
		FILM NUMBER:		161737046

	MAIL ADDRESS:	
		STREET 1:		1661 WORTHINGTON ROAD
		STREET 2:		SUITE 100
		CITY:			WEST PALM BEACH
		STATE:			FL
		ZIP:			33409
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>cruz_4.xml
<DESCRIPTION>OWNERSHIP DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2016-06-25</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000873860</issuerCik>
        <issuerName>OCWEN FINANCIAL CORP</issuerName>
        <issuerTradingSymbol>OCN</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001651831</rptOwnerCik>
            <rptOwnerName>Cruz Marcelo G</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1661 WORTHINGTON ROAD</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 100</rptOwnerStreet2>
            <rptOwnerCity>WEST PALM BEACH</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33409</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>EVP &amp; Chief Risk Officer</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2016-06-25</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>F</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>912</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>1.65</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>8176</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously awarded stock. On June 25, 2014, Mr. Cruz was awarded 10,000 shares of restricted stock subject to 3,334, 3,333 and 3,333 shares vesting on each of June 25, 2015, June 25, 2016 and June 25, 2017, respectively. On June 25, 2015, 3,334 shares vested of which 912 shares were withheld to satisfy tax withholding obligations. On June 25, 2016, 3,333 shares vested of which 912 shares were withheld to satisfy tax withholding obligations.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Michael J. Stanton, Attorney-in-Fact for Marcelo G. Cruz</signatureName>
        <signatureDate>2016-06-28</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
