Investigation of Ocwen Financial Corp. Announced by The Wagner Firm

The Wagner Firm announces that it is investigating potential claims on behalf of shareholders of Ocwen Financial Corp. (“Ocwen” or the “Company”) OCN. The investigation concerns possible breaches of fiduciary duties by the Company's Board of Directors (the “Board”).

Specifically, the investigation relates to a consent order entered into between the Company and the New York Department of Financial Services requiring the resignation of William Erbey as executive chairman of Ocwen and the payment of $50 million in restitution to current and former Ocwen homeowners in New York. If you currently hold Ocwen shares, have information or would like to learn more about this investigation, please contact Avi Wagner, Esquire, of The Wagner Firm, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 491-7949, by e-mail at info@thewagnerfirm.com, or visit our website at http://thewagnerfirm.com.

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