OCWEN

William C. Erbey
(Exec. Chairman and Chairman of Exec. Committee)
Ronald M. Faris
(President, CEO and Director of Exec. Committee)

Share price: 35.01(NYSE)

Background: Ocwen Financial Corporation is a provider of residential and commercial mortgage loan
servicing, special servicing and asset management services. Ocwen is headquartered in Dunwoody,
Georgia, with additional offices in West Palm Beach, Orlando, Florida, Houston, Texas, St. Croix, the
U.S. Virgin Islands and Washington, D.C.. It also has support operations in Uruguay and India.

Ocwen is the industry leader in servicing high-risk loans. Ocwen works with customers in a variety of
ways to make their loans worth more, including purchasing of mortgage servicing rights, sub-
servicing, special servicing and stand-by servicing. We can also support companies that wish to
utilize our best-in-class technology and know-how to support improvements in their own operations.

Key Acquisitions:

In September 2010, Ocwen, through Ocwen Loan Servicing, LLC (OLS), a wholly owned subsidiary of
Ocwen, acquired the U.S. non-prime mortgage servicing business of Barclays Bank PLC, known as
HomEq servicing. While the transaction did not result in the transfer of ownership of any legal
entities, OLS acquired the mortgage servicing rights (MSRs) and associated servicer advances of the
business as well as the servicing platforms based in Sacramento, California and Raleigh, North
Carolina for an initial aggregate purchase price of $1.2 billion. With the close of the HomEq
acquisition, Ocwen boarded onto its servicing platform approximately 134,000 residential mortgage
loans with an aggregate UPB of approximately $22.4 billion.

In September 2011, Ocwen completed its acquisition of outstanding partnership interests of Litton
Loan Servicing LP and certain interest-only servicing securities previously owned by Goldman Sachs
& Co. from Goldman Sachs. Following this $247.2 million worth acquisition, Ocwen became the
largest subprime mortgage servicer in the U.S.[5] The Litton acquisition increased Ocwen's servicing
portfolio by 245,000 residential mortgage loans with an aggregate UPB of approximately $38.6
billion.

In April 2012, Ocwen closed on the purchase of approximately $22 billion of mortgage servicing
rights from Saxon Mortgage Services, a unit of Morgan Stanley.

In June 2012, Ocwen completed its purchase of Aurora Bank's commercial servicing rights portfolio.

In October 2012, Ocwen announced plans to buy Homeward Residential Holdings, Inc. from WL Ross
& Co. for $750 million.