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                            Ocwen: NYSE Inquiry


Ocwen Financial Corporation

FOR IMMEDIATE RELEASE          
FOR FURTHER INFORMATION, CONTACT:
Mark S. Zeidman                
Senior VP & CFO
T: (561) 682-8600
E: mzeidman@ocwen.com



West Palm Beach, FL - (March 14, 2000) - In response to a NYSE inquiry
today, Ocwen Financial Corporation (NYSE: OCN) has no comment on the reason
for the increased activity in its stock trading today.  The Company does
note that GE Mortgage Insurance Company issued a release on March 13, 2000
concerning an alliance entered into between GE Mortgage Insurance and
REALTrans.com, a subsidiary of OCN, for the use of the business-to-business
e-commerce application provided by REALTrans (SM).

Ocwen Financial Corporation is a financial services company headquartered
in West Palm Beach, Florida.  The Company's primary businesses are the
acquisition, servicing and resolution of subperforming and nonperforming
residential and commercial mortgage loans, as well as the related
development of loan servicing technology and business-to-business
e-commerce solutions for the mortgage and real estate industries.  
Additional information about Ocwen Financial Corporation is available at
www.ocwen.com.

Certain statements contained herein may not be based on historical facts
and are "forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended.  These forward-looking statements may be
identified by reference to a future period(s) or by the use of
forward-looking terminology such as "continue," future or conditional verb
tenses, similar terms, variations on such terms or negatives of such terms
 Actual results could differ materially from those indicated in such
statements due to risks, uncertainties and changes with respect to a
variety of factors, including changes in the knowledge of OCN or market
conditions as they exist on the date hereof, applicable economic
environments, government fiscal and monetary policies, prevailing interest
or currency exchange rates, effectiveness of interest rate, currency and
other hedging strategies, laws and regulations affecting financial
institutions and real estate operations (including regulatory fees, capital
requirements, income and property taxation and environmental compliance),
competitive products, pricing and conditions, credit, prepayment, basis,
default, subordination and asset/liability risks, loan servicing
effectiveness, the ability to identify acquisitions and investment
opportunities meeting OCN's investment strategy, software integration,
development and licensing, financial and securities markets, availability
of adequate and timely sources of liquidity, dependence on existing sources
of funding, ability to repay or refinance indebtedness (at maturity or upon
acceleration), availability of discount loans for purchase, size of, nature
of and yields available with respect to the secondary market for mortgage
loans, financial, securities and securitization markets in general,
allowances for loan losses, geographic concentrations of assets, changes in
real estate conditions (including valuation, revenues and competing
properties), adequacy of insurance coverage in the event of a loss, Year
2000 compliance, integration of the business of OAC, the market prices of
the common stock of OCN, other factors generally understood to affect the
real estate acquisition, mortgage and leasing markets and securities
investments, and other risks detailed from time to time in OCN's reports
and filings with the Securities and Exchange Commission, including its
Registration Statements on Forms S-4 and S-3 and periodic reports on Forms
8-K, 10-Q and 10-K, including Exhibit 99.1 attached to OCN's Form 10-Q for
the quarter ended June 30, 1999.

End.