UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report
(Date of earliest event reported): March 29, 2010
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OCWEN FINANCIAL CORPORATION
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(Exact name of registrant as specified in its charter)
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Florida
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1-13219
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65-0039856
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of incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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1661 Worthington Road
Suite 100
West Palm Beach, Florida
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33409
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(Address of principal executive office)
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(Zip Code)
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Registrant’s telephone number, including area code: (561) 682-8000
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Not applicable
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(Former name or former address, if changed since last report)
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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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 8.01
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Other Events.
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Ocwen Loan Servicing, LLC (“OLS”), a wholly-owned subsidiary of Ocwen Financial Corporation, entered into a Servicing Rights Purchase and Sale Agreement, effective as of March 29, 2010, under which OLS will purchase the residential mortgage loan servicing rights with respect to approximately 38,000 mortgage loans with an aggregate unpaid principal balance of approximately $6.9 billion.
The information in this Item 8.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, regardless of any general incorporation language in such filing.
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Signatures
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.
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OCWEN FINANCIAL CORPORATION
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(Registrant)
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Date: April 5, 2010
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By:
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/s/ David J. Gunter
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David J. Gunter
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Executive Vice President and Chief Financial Officer
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(On behalf of the Registrant and as its principal financial officer)
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