UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

CURRENT REPORT

 

 

 

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

 

Date of report

(Date of earliest event reported): May 22, 2012

 

 

 

OCWEN FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Florida
(State or other jurisdiction
of incorporation)		   1-13219
(Commission
File Number)		   65-0039856
(I.R.S. Employer
Identification No.)

 

 

 

2002 Summit Boulevard, Sixth Floor

Atlanta, Georgia 30319

(Address of principal executive office)

Registrant’s telephone number, including area code: (561) 682-8000

 

Not applicable.
(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

  £ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     
  £ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
     
  £ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
     
  £ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

 

Item 8.01. Other Events

 

On May 22, 2012, Ocwen Loan Servicing, LLC (“OLS”), a wholly-owned subsidiary of Ocwen Financial Corporation, and Bank of America, National Association (“BANA”) entered into a Mortgage Servicing Rights Purchase Agreement, under which OLS will purchase the residential mortgage loan servicing rights from BANA with respect to approximately 53,100 mortgage loans owned by a government-sponsored agency with an aggregate unpaid principal balance of approximately $10.7 billion. The parties expect the loans to transfer from BANA to OLS in June 2012.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

  OCWEN FINANCIAL CORPORATION
  (Registrant)
     
  By: /s/ John V. Britti
    John V. Britti
    Executive Vice President & Chief Financial Officer
    (On behalf of the Registrant and as its principal financial officer)

 

Date: May 22, 2012

 

 

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