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Ocwen Financial Corporation is a provider of residential and commercial mortgage loan servicing, special servicing, and asset management services, which has been described as "debt collectors, collecting monthly principal and interest from homeowners".Ocwen is headquartered in West Palm Beach, Florida, with additional offices in Addison, Texas, Orlando, Florida, Houston, Texas, Rancho Cordova.

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Founded in 1988, Ocwen Financial Corporation (Ocwen) is one of the largest mortgage companies in America with over 7,000 employees based across US, India & Philippines. Ocwen originates both traditional and reverse mortgage loans and specializes in helping families achieve their financial and homeownership goals.

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NEW YORK, Oct. 24, 2012 (GLOBE NEWSWIRE) — Ocwen Loan Servicing, LLC, the mortgage servicing arm of Ocwen Financial Corporation (NYSE:OCN), and Walter Investment Management Corp. (NYSE MKT:WAC) today were jointly awarded the highest and best bid for the mortgage servicing and origination platform assets of Residential Capital, LLC (ResCap) in a Bankruptcy Court sponsored auction.

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