SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of Class Action Against Ocwen Financial Corporation and Its Board of Directors and a Lead Plaintiff Deadline of October 13, 2014 -- OCN

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| Source: Levi & Korsinsky, LLP

NEW YORK, Aug. 13, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of Florida on behalf of investors who purchased Ocwen Financial Corporation ("Ocwen" or the "Company") (NYSE:OCN) common stock between May 2, 2013 and August 11, 2014.

For more information, click here: http://zlk.9nl.com/ocwen-financial-ocn.

The complaint alleges that throughout the Class Period defendants misrepresented and/or failed to disclose that: (a) Ocwen's mortgage servicing practices violated applicable regulations and laws; (b) the Company's executive allowed Altisource Portfolio Solutions, S.A. ("Altisource"), a related company, to impose unreasonable rates for services provided to Ocwen; and (c) that the Chairman and other directors and officers were directly involved in approving Ocwen's conflicted transactions with Altisource.

If you suffered a loss in Ocwen you have until October 13, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/ocwen-financial-ocn.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free:  (877) 363-5972
Fax: (866) 367-6510
www.zlk.com