Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 16, 2009, Ocwen Financial Corporation appointed Daniel J. Seguine, 34, to serve as Chief Accounting Officer of the company. Mr. Seguine brings a background in complex mergers and acquisitions structuring, modeling, valuation, technical accounting and capital markets coupled with international experience to the company.

Prior to joining Ocwen, Mr. Seguine worked at Goldman, Sachs & Co. as a Vice President since 2004 with responsibilities including Accounting Policy, Product Controllers and New Products - Investment Banking. He holds a Bachelor of Science in Accounting and a Master of Accountancy from Brigham Young University.

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