<SEC-DOCUMENT>0000905148-20-000526.txt : 20200421
<SEC-HEADER>0000905148-20-000526.hdr.sgml : 20200421
<ACCEPTANCE-DATETIME>20200421161650
ACCESSION NUMBER:		0000905148-20-000526
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200417
FILED AS OF DATE:		20200421
DATE AS OF CHANGE:		20200421

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Deer Park Road Management Company, LP
		CENTRAL INDEX KEY:			0001655028
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13219
		FILM NUMBER:		20805328

	BUSINESS ADDRESS:	
		STREET 1:		1195 BANGTAIL WAY
		CITY:			STEAMBOAT SPRINGS
		STATE:			CO
		ZIP:			80487
		BUSINESS PHONE:		970-457-4340

	MAIL ADDRESS:	
		STREET 1:		1195 BANGTAIL WAY
		CITY:			STEAMBOAT SPRINGS
		STATE:			CO
		ZIP:			80487

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Deer Park Road Management GP, LLC
		CENTRAL INDEX KEY:			0001702367
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13219
		FILM NUMBER:		20805329

	BUSINESS ADDRESS:	
		STREET 1:		1195 BANGTAIL WAY
		CITY:			STEAMBOAT SPRINGS
		STATE:			CO
		ZIP:			80487
		BUSINESS PHONE:		9704574340

	MAIL ADDRESS:	
		STREET 1:		1195 BANGTAIL WAY
		CITY:			STEAMBOAT SPRINGS
		STATE:			CO
		ZIP:			80487

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Deer Park Road Corp
		CENTRAL INDEX KEY:			0001702490
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13219
		FILM NUMBER:		20805330

	BUSINESS ADDRESS:	
		STREET 1:		1195 BANGTAIL WAY
		CITY:			STEAMBOAT SPRINGS
		STATE:			CO
		ZIP:			80487
		BUSINESS PHONE:		9704574340

	MAIL ADDRESS:	
		STREET 1:		1195 BANGTAIL WAY
		CITY:			STEAMBOAT SPRINGS
		STATE:			CO
		ZIP:			80487

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Craig-Scheckman Michael
		CENTRAL INDEX KEY:			0001702931

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13219
		FILM NUMBER:		20805331

	MAIL ADDRESS:	
		STREET 1:		1195 BANGTAIL WAY
		CITY:			STEAMBOAT SPRINGS
		STATE:			CO
		ZIP:			80487

	FORMER NAME:	
		FORMER CONFORMED NAME:	Craig-Scheckman Michael David
		DATE OF NAME CHANGE:	20170404

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			AgateCreek LLC
		CENTRAL INDEX KEY:			0001721440
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13219
		FILM NUMBER:		20805332

	BUSINESS ADDRESS:	
		STREET 1:		1195 BANGTAIL WAY
		CITY:			STEAMBOAT SPRINGS
		STATE:			CO
		ZIP:			80487
		BUSINESS PHONE:		9704574340

	MAIL ADDRESS:	
		STREET 1:		1195 BANGTAIL WAY
		CITY:			STEAMBOAT SPRINGS
		STATE:			CO
		ZIP:			80487

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Burg Scott Edward
		CENTRAL INDEX KEY:			0001721438

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13219
		FILM NUMBER:		20805333

	MAIL ADDRESS:	
		STREET 1:		1195 BANGTAIL WAY
		CITY:			STEAMBOAT SPRINGS
		STATE:			CO
		ZIP:			80487

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
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4.xml
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<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2020-04-17</periodOfReport>

    <notSubjectToSection16>true</notSubjectToSection16>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001655028</rptOwnerCik>
            <rptOwnerName>Deer Park Road Management Company, LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1195 BANGTAIL WAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>STEAMBOAT SPRINGS</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80487</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001702367</rptOwnerCik>
            <rptOwnerName>Deer Park Road Management GP, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1195 BANGTAIL WAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>STEAMBOAT SPRINGS</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80487</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001702490</rptOwnerCik>
            <rptOwnerName>Deer Park Road Corp</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1195 BANGTAIL WAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>STEAMBOAT SPRINGS</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80487</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001702931</rptOwnerCik>
            <rptOwnerName>Craig-Scheckman Michael</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1195 BANGTAIL WAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>STEAMBOAT SPRINGS</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80487</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001721440</rptOwnerCik>
            <rptOwnerName>AgateCreek LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1195 BANGTAIL WAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>STEAMBOAT SPRINGS</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80487</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001721438</rptOwnerCik>
            <rptOwnerName>Burg Scott Edward</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1195 BANGTAIL WAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>STEAMBOAT SPRINGS</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80487</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2020-04-17</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>400000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.4446</value>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>12956147</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">These shares of the Issuer's common stock (&quot;Shares&quot;) are held for the account of STS Master Fund, Ltd. Deer Park Road Management Company, LP (&quot;Deer Park&quot;) serves as investment adviser to STS Master Fund, Ltd.</footnote>
        <footnote id="F2">Deer Park Road Management GP, LLC (&quot;DPRM&quot;) is the general partner of Deer Park. Each of Deer Park Road Corporation (&quot;DPRC&quot;) and AgateCreek LLC (&quot;AgateCreek&quot;) is a member of DPRM. Michael Craig-Scheckman is the Chief Executive Officer of each of Deer Park and DPRC and the majority owner of DPRC. Scott Edward Burg is the Chief Investment Officer of Deer Park and the sole member of AgateCreek. Each Reporting Person disclaims beneficial ownership of the Shares except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.</footnote>
        <footnote id="F3">This price reflects the weighted average price for open-market sales of Shares made by the Reporting Persons on April 17, 2020 within a $1.00 range. The actual prices for these transactions range between $0.41 to $0.47. The Reporting Persons further undertake to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price reported herein.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Deer Park Road Management Company, LP, By: /s/ Bradley W. Craig, Chief Operating Officer</signatureName>
        <signatureDate>2020-04-21</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Deer Park Road Management GP, LLC, By: /s/ Deer Park Road Corporation, its managing member, By: /s/ Bradley W. Craig, attorney-in-fact for Michael Craig-Scheckman, Chief Executive Officer of Deer Park Corporation</signatureName>
        <signatureDate>2020-04-21</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Deer Park Road Corporation, By: /s/ Bradley W. Craig, attorney-in-fact for Michael Craig-Scheckman, Chief Executive Officer of Deer Park Corporation</signatureName>
        <signatureDate>2020-04-21</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Michael Craig-Scheckman, By: /s/ Bradley W. Craig, attorney-in-fact for Michael Craig-Scheckman</signatureName>
        <signatureDate>2020-04-21</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>AgateCreek LLC, By: /s/ Bradley W. Craig, attorney-in-fact for Scott Edward Burg, Sole Member of AgateCreek LLC</signatureName>
        <signatureDate>2020-04-21</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Scott Edward Burg, /s/ Bradley W. Craig, attorney-in-fact for Scott Edward Burg</signatureName>
        <signatureDate>2020-04-21</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
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</SEC-DOCUMENT>
