OCN Ocwen Financial Corp

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[_]  Rule 13d-1(b)

[X]  Rule 13d-1(c)

[_]  Rule 13d-1(d)

_________________

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 

	Item 1.	(a).	Name of Issuer:
			Owen Financial Corporation
		(b).	Address of Issuer's Principal Executive Offices:
			1000 Abernathy Road NE, Suite 210 Atlanta, GA 30328

	Item 2.	(a).	Name of Person Filing:
			This statement is filed by:
			(i)	Whitebox Advisors LLC, a Delaware limited liability company ("WA");
			(ii)	Whitebox General Partner LLC, a Delaware limited liability company ("WGP");

		(b).	Address of Principal Business Office, or if none, Residence:
			The address of the business office of WA and WGP is:
			3033 Excelsior Boulevard Suite 300 Minneapolis, MN 55416
		(c)	Citizenship
			WA and WGP are organized under the laws of the State of Delaware.
		(d)	Title of Class of Securities
			Common Stock
		(e)	CUSIP Number
			675746309

	Item 3.		If This Statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a:
		(a)	[_]	Broker or dealer registered under section 15 of the Act.
		(b)	[_]	Bank as defined in section 3(a)(6) of the Act.
		(c)	[_]	Insurance company as defined in section 3(a)(19) of the Act.
		(d)	[_]	Investment company registered under section 8 of the Investment Company Act of 1940.
		(e)	[_]	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E).
		(f)	[_]	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F).
		(g)	[_]	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G).
		(h)	[_]	A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.
		(i)	[_]	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940.
		(j)	[_]	Group, in accordance with § 240.13d-1(b)(1)(ii)(J).

	Item 4.	Ownership.
		(a)	Amount beneficially owned:
			WA is deemed to be the beneficial owner of 7,854,161 shares of Common Stock of the Issuer.
			WGP is deemed to be the beneficial owner of 6,427,774 shares of Common Stock of the Issuer.
		(b)	Percent of class:
			WA beneficially owns 6.3% of the Issuer's Common Stock.
			WGP beneficially owns 5.3% of the Issuer's Common Stock.

		(c)	Number of shares as to which the person has:
			(i)	Sole power to vote or to direct the vote   0
			(ii)	Shared power to vote or to direct the vote
				WA has shared voting power with respect to 7,854,161 shares of the Issuer's Common Stock.
				WGP has shared voting power with respect to 6,427,774 shares of the Issuer's Common Stock.
			(iii)	Sole power to dispose or direct the disposition of   0
			(iv)	Shared power to dispose or to direct the disposition of
				WA has shared voting power with respect to 7,854,161 shares of the Issuer's Common Stock.
				WGP has shared voting power with respect to 6,427,774 shares of the Issuer's Common Stock.

Item 5.		Ownership of Five Percent or Less of a Class.
		If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [_].*
Item 6.		Ownership of More Than Five Percent on Behalf of Another Person.
		All of the Reported Shares are held in the accounts of WA's clients, none of which individually own more than 5% of the Issuers Shares.
Item 7.		Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
		Not Applicable
Item 8.		Identification and Classification of Members of the Group.
		Not Applicable
Item 9.		Notice of Dissolution of Group.
		Not Applicable
Item 10.		Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the Issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative.  If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference.  The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

NOTE:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See § 240.13d-7 for other parties for whom copies are to be sent.

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

AGREEMENT

Each of the undersigned hereby consents and agrees to this joint filing to Schedule 13G amendment No. 1 for the Common Stock of Ocwen Financial Corporation.

 

		August 13, 2015
		(Date)
		/s/ Michael P. McCormick
		Signature
		Michael P. McCormick as Chief Financial Officer of Whitebox Advisors LLC
		Name/Title

		August 13, 2015
		(Date)
		/s/ Michael P. McCormick
		Signature
		Michael P. McCormick as Authorized Person of Whitebox General Partner LLC
		Name/Title

SK 99221 0020 6768556

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