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                 Ocwen: Publishes Markets In Motion Study


FOR FURTHER INFORMATION, CONTACT:
Patrick Toomey                          Karla Kizzort
T: 561/682-8537                         T: 407/251.1020
E: ptoomey@ocwen.com                    E: kkizzort@fitzcom.com

Ocwen Financial Corporation Publishes Markets In Motion Study to
Provide Insight for Making Critical Real Estate Investment Decisions

Study suggests a real estate slowdown is approaching 

West Palm Beach, FL - May 30, 2000 - Ocwen Financial Corporation (NYSE:
OCN), one of the leading mortgage acquisition, servicing and resolution
companies in the United States, announced today that it has published its
first quarter 2000 edition of Markets in Motion: Understanding the Impact
of Supply in the Targeting of Commercial Real Estate Markets.  This
quarterly study provides investors and clients with key commercial real
estate analysis that risk grades the Company's Target 60 markets.  Real
estate risk is reported across five tiers.  Based on the Company's
proprietary analytical methods, a tier rating of one is considered best,
while a rating of five is the worst.

In comparison to the fourth quarter of 1999, there was an improvement in
final tier ratings for three markets while the ratings for thirteen markets
declined.  The Tier I category grew from four Metropolitan Statistical
Areas (MSA's) in the fourth quarter 1999 to five markets in the first
quarter 2000.  Those markets now rated as Tier I include: Boston, MA;
Nassau-Suffolk, NY; New York City, NY; Oakland, CA; and San Francisco, CA.
These markets have been steady performers since the report's inception in
1997.  

The size of the Tier II category decreased from 18 in the fourth quarter
1999 to 14 in the first quarter 2000.  The Tier III category decreased from
13 to 10, while the Tier IV and Tier V categories increased from 21 to 24
and 4 to 7 markets, respectively.  

Ocwen Senior Investment Manager and the report's author, Patrick Toomey
said, "Our study suggests an impending slowdown in the real estate market
due primarily to an increase in supply overhang, a weakness in market
momentum, and an increase in market value as compared to replacement cost.  

Although we view the stock market to be volatile, the economy is much
stronger than the pre-crash 1987 economy.  As a result, we don't believe a
slowdown will reach the magnitude experienced in the late 1980's or early
1990's."  Toomey states further, "We believe caution is warranted in
markets having stock market, mutual fund and dot.com risk." 

Because effective real estate decisions are based upon understanding the
economic environment affecting each property, Ocwen developed its
proprietary Markets in Motion model by rating MSAs using both microeconomic
and macroeconomic real estate and economic factors.  The model uses the
office market as a baseline indicator due to its close empirical
correlation to the performance of the national economy.  

In addition, the model relies on analysis of several different components
to determine market strength, including growth in supply, market momentum,
replacement cost, and barriers to entry.  The results of these submodels
are weighted and combined to arrive at final scores.  Markets are then
grouped into tiers based on the final score.  

To obtain a copy of Markets in Motion containing an executive summary,
first quarter snapshot, real estate market philosophy and charts depicting
the data results or to be added to the e-mail list, contact Patrick Toomey
at ptoomey@ocwen.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.  Ocwen also specializes in the
related development of loan servicing technology and software for the
mortgage and real estate industries.  Additional information about Ocwen
Financial Corporation is available at www.ocwen.com.

The information contained in the Markets in Motion report is provided "AS
IS".  Ocwen does not warrant the accuracy of the materials and information
provided therein, either expressed or implied for any particular purpose
and expressly disclaims any warranties of merchantability or fitness for a
particular purpose.  Although the information provided in the report is
obtained or compiled from sources believed to be reliable, Ocwen cannot and
does not guarantee the accuracy, validity, timeliness or completeness of
any information or data made available to you for any particular purpose.  
Nothing in the report should be construed as rendering tax, legal or
investment advice or as a recommendation or opinion that you should make
any purchase or sale or participate in any transaction.  Neither Ocwen
Financial Corporation, its affiliates nor any of their respective
directors, officers or employees will be liable or have any responsibility
of any kind for any loss or damage that you incur as a result of this
information being made available to you."

Certain statements contained herein are not based on historical facts and
are "forward-looking statements" within the meaning of the Federal
securities laws.  These statements may be identified by reference to a
future period(s) or by the use of forward-looking terminology such as
"believe," "impending," "suggest," "will," 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 international, national, regional or local
economic environments, government fiscal and monetary policies, prevailing
interest rates, competitive pricing and conditions, securities and real
estate markets in general, and other risks detailed from time to time in
the Company's or its subsidiaries' reports and filings with the Securities
and Exchange Commission, including periodic reports on Forms 10-Q, 8-K and
10-K, including Exhibit 99.1 attached to the Company's Form 10-K for the
year ended December 31, 1999.  

End.