Expected next investor conference call information:
Conference Call Date: 11/5/2009
Conference Call Time (ET): 11:00 AM
Conference Call URL: http://www.irconnect.com/cfonews/ocn/conference.html

The conference call will be available for replay via telephone beginning at 12:01 p.m. (ET) on Thursday, November 5, 2009 through Friday, November 13, 2009. To listen to a replay of the conference call by telephone dial 1-203-369-3388.

About Ocwen Financial Corporation

Ocwen Financial Corporation is a leading provider of residential and commercial loan servicing, special servicing and asset management services. Ocwen is headquartered in West Palm Beach, Florida with offices in California, the District of Columbia, Florida, Georgia and New York and support operations in India and Uruguay. Utilizing our global infrastructure, proprietary technology, world-class training and processes, we provide solutions that make our clients' loans worth more. Additional information is available at www.Ocwen.com.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Ocwen Financial Corp.

CONTACT:  Ocwen Financial Corporation
David J. Gunter, Executive Vice President and CFO
(561) 682-8367
David.Gunter@Ocwen.com

Expected next investor conference call information:
Conference Call Date: 11/5/2009
Conference Call Time (ET): 11:00 AM
Conference Call URL: http://www.irconnect.com/cfonews/ocn/conference.html

During the roundtable, which included remarks from human rights activist and author Kerry Kennedy, the community groups and Ocwen representatives agreed upon a number of imperatives and recommendations. They include:

* Working closely with the Obama administration to arrive at more

flexible guidelines so more distressed homeowners qualify for

mortgage modifications under the Home Affordable Modification

Programl

* Developing a national awareness and information campaign

regarding HAMP to increase homeowner outreach.

* Focusing more intensely on homeowners who are under-employed or

unemployed and thus need state or federal assistance to qualify

for mortgage modifications.

* Greater collaboration between servicers and grassroots groups in

providing real-time solutions for homeowners - including being

more proactive about helping borrowers early on, before they

face the prospect of foreclosure.

* Increasing government budget allocations for community and

grassroots organizations' engagement in housing and financial

counseling with homeowners - and streamlining the procedures for

reimbursement for the effort.

* Increasing the use of Web technology to reach out to homeowners

and link them with community groups that can offer housing

counseling and other supportive social services.

* Combating consumer and Fair Housing violations and other scams

perpetrated on borrowers by groups trying to lure distressed

homeowners into illegal and damaging home foreclosure prevention

programs.

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