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                 Ocwen: OCN to sell San Francisco Properties


Ocwen Financial Corporation(SM)

FOR IMMEDIATE RELEASE
FOR FURTHER INFORMATION, CONTACT:
Gregory M. Breskin
T: (561) 682-8559
E: gbreskin@ocwen.com

OCWEN ENGAGES GRUBB & ELLIS
TO SELL SAN FRANCISCO REAL ESTATE
 
March 24, 2000 - West Palm Beach, FL - Ocwen Financial Corporation
(NYSE:OCN) is pleased to announce that it has retained Grubb & Ellis to
exclusively market and sell its 900,000 square foot San Francisco Office
Portfolio.  The four properties include 225 Bush Street (the NBC Internet
world headquarters), 450 Sansome Street (located one block from the
Embarcadero Center), 690 Market Street and 10 United Nations Plaza, all of
which were acquired by Ocwen in 1997 and 1998.  Grubb & Ellis has been
engaged to act as Ocwen's exclusive representative in the sale of this
portfolio.

Potential purchasers may direct inquiries to:  

Daniel M. Cressman, Managing Director
Grubb & Ellis Company
Telephone - 415.288.3622
Fax - 415.288.3623
Email - daniel.cressman@grubb-ellis.com

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.

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