Item 8.01 Voluntary Disclosure of Other Events
Ocwen Financial Corporation recently secured renewals for $500 million in
financing. On December 2, 2008, the company renewed an advance facility for $300
million. On January 14, 2009, Ocwen renewed another advance facility for $200
million. Each of these credit lines has a revolving period of 364 days followed
by an amortization period of five years and two years, respectively. Both are
used by Ocwen to finance advances made in connection with its mortgage loan
servicing operation.
