Ocwen Financial Corporation Schedules Conference Call 1st Quarter 2002 Results


WEST PALM BEACH, Fla., May 3, 2002 (PRIMEZONE) -- Ocwen Financial Corporation (NYSE:OCN), will hold its 1st Quarter 2002 conference call and audio Webcast on Tuesday, May 7, 2002, at 11:30 a.m. (ET), to review the Company's operating results. These events will follow Ocwen's release of its 1st Quarter 2002 earnings press release. The press release will also be available on the Ocwen Financial Corporation Shareholder Relations Website at www.ocwen.com.

A live audio Webcast of the call will be available over the Internet at www.ocwen.com (through a link on the Shareholder Relations page). Those who want to listen to the call should go to the Website at least fifteen minutes prior to the call to register and download and install any necessary audio software.

The conference call will be available for replay via telephone beginning at 12:30 p.m. (ET) on Tuesday, May 7, 2002 until Tuesday, May 14, 2002. To listen to a replay of the conference call by telephone dial (402) 220-6519. To access the replay of the conference call over the Internet, visit the above-mentioned Website.

Ocwen Financial Corporation is a financial services company headquartered in West Palm Beach, Florida. The Company's primary business is the servicing and special servicing of nonconforming, subperforming and nonperforming residential and commercial mortgage loans. Ocwen also specializes in the development of related loan servicing technology and software for the mortgage and real estate industries. Additional information about Ocwen Financial Corporation is available at www.ocwen.com.


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