EXHIBIT 99.1 __________________________________________________________________ ______________Press Release • November 1st, 2006 • Ocwen Financial Corp • Mortgage bankers & loan correspondents
WEST PALM BEACH, Fla. (November 1, 2006) -- Ocwen Financial Corporation (NYSE:OCN) today announced that Robert J. Leist, Jr., the company's Senior Vice President and Chief Accounting Officer, resigned from his position as Chief Accounting Officer effective October 31, 2006 and will retire from the company at the end of January 2007. Mr. Leist has been with the company since March 1999 and will assist in the transition of his responsibilities to his successor until his retirement becomes effective on January 31, 2007.
