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Ocwen in the News

	DSnews		"Ocwen's HAMP Trials Adhere to 3-Month Timeframe" by Carrie Bay Ocwen earns high marks in the U.S. Treasury's HAMP report card.
	Reuters		"Barclays Sells HomEq to Ocwen Loan for $1.3 Bln" Barclays sells HomEq to Ocwen.
	MortgageOrb		"Ocwen Says HAMP Success Due To Up-Front Doc Collection, Technology" Ocwen's HAMP success is due, at least partly, to its practice of requiring verified documentation from borrowers before putting them in trial modifications.
	CNNMoney.com		"Borrowers Flunking Out of Trial Mortgage Modifications" by Tami Luhby Ocwen and HomEq lead the way with 83% of trial modifications converted.
	Miami Herald		"Banks Try Being Nicer to Troubled Borrowers" by Kimberly Miller Ocwen helps connect struggling homeowners with food banks, employment services and other social services.
	DSnews		"Ocwen Sees Success in Fight Against Foreclosure by Using MKDirect" by Brittany Dunn Ocwen has seen marked success in its fight against foreclosure after just three months of using MKDirect.
	South Florida Sun-Sentinel		"Bank of America to Start Reducing Mortgage Principal in Loan Modifications" by Harriet Johnson Brackey While Bank of America is the nation's largest lender to systematically reduce principal, it is not the first. Ocwen has been reducing principal before the Obama administration's Making Home Affordable program began.
	WalletPop		"Modifications coming to the Home Affordable Modification Plan" by Jean Chatzky Ocwen is potentially leading the way by modifying the principal when they believe it is necessary.
	The Palm Beach Post		"Principal reductions will save mortgages, Ocwen chief tells Congress" by Kimberly Miller Ocwen President Ron Faris testified to Congress that more principal reductions are needed when troubled home loans are modified.
	DSnews		"Ocwen Backs Principal Reductions, Mandatory Outsourcing to Improve HAMP" by Carrie Bay Ocwen has one of the industry's best track records for modifying loans under HAMP.
	The Palm Beach Post		"Ocwen Financial President Ron Faris: Trying to make mortgages work" by Kimberly Miller Profile of Ron Faris, president of Ocwen Financial Corp.
	DSnews		"Mods Make Sense" by Paul A. Koches Paul A. Koches, Executive Vice President and General Counsel at Ocwen Financial Corp., writes an article in DSnews about why loan modifications are better business for servicers than foreclosures.
	DailyFinance		"Solving the Mortgage Mess By Modifying Loans - and Borrower Behavior" by Jean Chatzky Jean Chatzky looks into the reasons why Ocwen has had great success where others have had minimal luck.
	The Palm Beach Post		"West Palm Beach's Ocwen Financial Leads in Home Loan Fixes" by Kimberly Miller While the Obama administration's foreclosure rescue program is floundering with a minimal number of homeowners winning permanent mortgage relief, Ocwen's success rate is praised even by critics of the federal plan.
	Associated Press		"Gov't eases paperwork for loan help program" by Alan Zibel Government officials change paperwork policy, citing Ocwen's success.
	CBS News		"Fixing Sub-Prime Mortgages" William Erbey, Ocwen's CEO, discusses the company's success in keeping homeowners out of foreclosure by cutting mortgage principal.
	The New York Times		"Treasury Weighs Fixes to Foreclosures Program" by Peter S. Goodman Highlights Treasury report on how Ocwen had turned about 40 percent of its trial modifications into permanent arrangements, more than ten times the rate of the big banks.
	SNL Financial		"BofA, Citi Among Servicers Least Successful in Turning HAMP Trial Modifications Permanent" by Zach Fox Out of all servicers, Ocwen leads in completing HAMP modifications.
	Public Citzen's Consumer Law & Policy Blog		"HAMP Homeowners Stuck in Limbo" by Alan White Ocwen has converted 89% of borrowers who were on temporary modifications in August to permanent mods by November.
	The Huffington Post		"One Company Responsible For Nearly Half Of All Permanent Mortgage Modifications" by Shahien Nasiripour Almost half of the permanent home loan modifications under the government's plan to help troubled borrowers come from Ocwen, who handles less than three percent of the eligible mortgages.
	DSNews		"Ocwen and Housing Advocacy Groups Collaborate on Foreclosure Prevention" by Carrie Bay Mortgage servicer Ocwen Financial Corporation convened more than 30 representatives of grassroots and national housing advocacy organizations in Washington D.C. to share success stories, new ideas, and insights related to preventing foreclosures and helping homeowners.
	The New York Times		"Modifying Mortgages Can Be Tricky" by Vikas Bajaj and John Leland Ocwen was able to cut interest rates and lower payments for a woman living in Miami Gardens, Florida.
	HousingWire		"Ocwen Launches Borrower Services Site" by Austin Kilgore Ocwen has launced a new Web site to connect mortgage borrowers with community groups and government agencies that provide assistance for distressed homeowners.
	TIME		"Forestalling Foreclosure" by Barbara Kiviat Ocwen has an approach to modifying delinquent loans that could slow the wave of foreclosures undermining the economy.
	The Wall Street Journal		"Mortgage Servicers Try the Softer Touch" by Carrick Mollenkamp Ocwen has hired psychologists to train employees to work with borrowers needing to change the terms of their loans. Ocwen lets distressed customers know they can be among those whose home has been saved.
	Mortgage Banking		"Servicers as Originators" by Jerry Demuth The Home Affordable Modication Program (HAMP) has made loan modifications more prevalent, causing servicers to act more like originators.
	NPR Radio – This American Life		"380: No Map" Reporter Chris Arnold visits a foreclosure prevention event to find out the painful truth about the mortgage crisis and how Ocwen has helped borrowers stay in their homes.
	The Washington Post		"More Homeowners Getting Aid, but Demand Keeps Rising" by Renae Merle Ocwen has offered about 35,000 modifications under the Obama administration’s foreclosure prevention plan. The administration’s plan has outperformed the government’s previous attempts.
	Reuters		"Ocwen Says Completes 45 Percent of Mortgage Modifications" Ocwen Financial Corp completed 44.6 percent of all of the permanent mortgage modifications done by the industry under the Treasury Department's Home Affordable Modification Program.
	CNNMoney.com		"Obama to Test Home Loan Do-Overs: Foreclosure Prevention Effort Starting Wednesday Relies on Modifying Loans Based on Borrowers’ Ability to Pay. Will This Effort Work Where Others Have Failed?" by Tami Luhby Ocwen has attained a redefault rate that is less than half the industry average by focusing on affordability.
	DSNews		"Former HUD Asst. Secretary Joins Ocwen" by Carrie Bay Steven B. Nesmith has joined Ocwen as Senior Vice President and Assistant General Counsel for Strategic and Government Initiatives.
	American Banker		"Ocwen, Seeking Volume, Explores FHA Servicing Buy" by Kate Berry Ocwen intends to purchase servicing rights for Federal Housing Administration loans. FHA borrowers tend to be more at-risk, and Ocwen believes its customized approach can help.
	KDKA TV		"Tarentum Man Close to Saving Property" Ocwen steps up to help landowner in Tarentum, Pennsylvania, save his property from foreclosure.
	HousingWire		"Freddie Looks to Third-Party Servicers" by Paul Jackson Ocwen will deploy teams of specially trained counselors to handle Freddie Mac’s delinquent high risk mortgages to minimize telephone wait times, put borrowers in touch with live counselors faster and ensure faster implementation of the latest Freddie Mac foreclosure reduction policies.
	Reuters		"RPT-Freddie Mac Hires Servicers for High-Risk Mortgages" by Al Yoon Freddie Mac hired Ocwen to work on modifying a portfolio of loans that are at least sixty days delinquent.
	Washington Business Journal		"Freddie Mac Launches Plan for High-Risk Loans" by Tireney Plumb Freddie Mac chooses Ocwen to be a servicer for its pilot program to handle high-risk loans more effectively and allow more at-risk borrowers to stay in their homes.
	Associated Press		"Freddie Mac Plans New Troubled Loan Strategy" Freddie Mac has selected Ocwen to help run the Obama administrations pilot program to keep at-risk borrowers in their homes.
	The Washington Post		"Freddie Mac Launches Aid for High-Risk Loans" by Renae Merle Freddie Mac announced a pilot program on February 3, 2009, targeting 5,000 delinquent borrowers who have high-risk mortgages. Ocwen has been hired to assist with the program.
	Inside Mortgage Finance		"Ocwen Boasts Loan Mod Success in Transition" by Geremy Bass Ocwen has achieved more success with loan modifications than the industry-wide average, according to the Office of the Comptroller of the Currency. The success is largely due to Ocwen’s investment in technology and customized approach.
	Bankrate.com		"Facing Foreclosure, Finding Solutions" by Holden Lewis Ocwen explains steps distressed homeowners can take to avoid foreclosure and how Ocwen trains its employees to help customers stay in their homes.