Item 8.01. Other Events
Ocwen Loan Servicing, LLC ("OLS"), a wholly-owned subsidiary of Ocwen
Financial Corporation (the "Company"), and the Federal Home Loan Mortgage
Corporation ("Freddie Mac") entered into an Interim Servicing Master Agreement
("Agreement"), effective as of August 10, 2009, under which OLS will provide
mortgage loan servicing services with respect to approximately 24,000
non-performing Single Family mortgage loans owned by Freddie Mac with an
aggregate unpaid principal balance of approximately $4.4 billion.