ONITY GROUP INC. — Director's Dealing 2010

Nov 12, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OCWEN FINANCIAL CORP (OCN)
CIK: 0000873860
Period of Report: 2010-11-11

Reporting Person: ERBEY WILLIAM C (Director, Chairman, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-11	Common Stock	M	158030.0000	$2.4621	Acquired	11386746.0000	Indirect
2010-11-11	Common Stock	M	39507.0000	$4.4587	Acquired	11426253.0000	Indirect
2010-11-12	Common Stock	S	118800.0000	$9.1100	Disposed	11307453.0000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-11	Stock Options	$4.4587	M	39507.0000	Disposed	2011-01-31	Common Stock (39507.0000)	Indirect
2010-11-11	Stock Options	$2.4621	M	158030.0000	Disposed	2011-01-31	Common Stock (158030.0000)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	36585.0000	Direct
Common Stock	5409704.0000	Indirect