Ocwen Financial Corporation Quarterly RMBS Conference Call


WEST PALM BEACH, Fla., Dec. 11, 2001 (PRIMEZONE) -- Ocwen Financial Corporation (NYSE:OCN), will hold a conference call and audio Webcast for investors and interested parties in Residential Mortgage-Backed Securities serviced by Ocwen Federal Bank FSB on Wednesday, December 12, 2001, at 3 p.m. (ET).

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. A presentation, which compliments the conference, is also available over the Internet at www.ocwen.com, click on "Shareholder Relations," "Conference Calls," "RMBS" then "Slides."

The conference call will be available for replay via telephone beginning at 6 p.m. (ET) on December 12, 2001 until Wednesday, December 19, 2001. To listen to a replay of the conference call by telephone dial (402) 220-3553. 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.