ONITY GROUP INC. — Director's Dealing 2011

Mar 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OCWEN FINANCIAL CORP (OCN)
CIK: 0000873860
Period of Report: 2011-03-21

Reporting Person: FARIS RONALD M (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-21	Common Stock	M	200000.0000	$7.5618	Acquired	402745.0000	Direct
2011-03-21	Common Stock	F	162392.0000	$10.7396	Disposed	240353.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-21	Stock Options	$7.5618	M	200000.0000	Disposed	2011-10-31	Common Stock (200000.0000)	Direct

Footnotes

F1: Exercise price reflects an adjustment in connection with the 2009 Altisource spin-off.