Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
Forward-Looking Statements
This Form 8-K contains forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. These forward-looking statements may be identified by a reference to a future period or by the use of
forward-looking terminology. Forward-looking statements are typically identified by words such as “expect”, “believe”,
“foresee”, “anticipate”, “intend”, “estimate”, “goal”, “strategy”,
“plan” “target” and “project” or conditional verbs such as “will”, “may”,
“should”, “could” or “would” or the negative of these terms, although not all forward-looking
statements contain these words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain.
We are in the midst of a period of capital markets volatility and experiencing significant changes within the mortgage lending
and servicing ecosystem which have magnified such uncertainties. Readers should bear these factors in mind when considering such
statements and should not place undue reliance on such statements.
Forward-looking statements involve a number of assumptions, risks and uncertainties
that could cause actual results to differ materially. In the past, actual results have differed from those suggested by forward
looking statements and this may happen again. Important factors that could cause actual results to differ materially from those
suggested by the forward-looking statements include, but are not limited to, uncertainty relating to the future impacts of the
COVID-19 pandemic, including with respect to the response of the U.S. government, state governments, the Federal National Mortgage
Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac, and together with Fannie Mae, the GSEs), the
Government National Mortgage Association (Ginnie Mae) and regulators, as well as the potential for ongoing disruption in the financial
markets and in commercial activity generally, increased unemployment, and other financial difficulties facing our borrowers; impacts
on our operations resulting from employee illness, social distancing measures and our shift to greater utilization of remote work
arrangements; the adequacy of our financial resources, including our sources of liquidity and ability to sell, fund and recover
servicing advances, forward and reverse whole loans, and HECM and forward loan buyouts and put backs, as well as repay, renew
and extend borrowings, borrow additional amounts as and when required, meet our MSR or other asset investment objectives and comply
with our debt agreements, including the financial and other covenants contained in them; increased servicing costs based on increased
borrower delinquency levels or other factors; our ability to collect anticipated tax refunds, including on the timeframe expected;
the future of our long-term relationship and remaining servicing agreements with New Residential Investment Corp. (NRZ); our ability
to execute an orderly and timely transfer of responsibilities in connection with the previously disclosed termination by NRZ of
the PHH Mortgage Corporation (PMC) subservicing agreement, including our ability to respond to any concerns raised by regulators,
lenders and other contractual counterparties in connection with such transfer; our ability to timely adjust our cost structure
and operations as the loan transfer process is being completed in response to the previously disclosed termination by NRZ of the
PMC subservicing agreement; our ability to continue to improve our financial performance through cost re-engineering efforts and
other actions; our ability to continue to grow our origination business and increase our origination volumes in a competitive
market and uncertain interest rate environment; uncertainty related to claims, litigation, cease and desist orders and investigations
brought by government agencies and private parties regarding our servicing, foreclosure, modification, origination and other practices,
including uncertainty related to past, present or future investigations, litigation, cease and desist orders and settlements with
state regulators, the Consumer Financial Protection Bureau (CFPB), State Attorneys General, the Securities and Exchange Commission
(SEC), the Department of Justice or the Department of Housing and Urban Development (HUD) and actions brought under the False
Claims Act regarding incentive and other payments made by governmental entities; adverse effects on our business as a result of
regulatory investigations, litigation, cease and desist orders or settlements and related responses by key counterparties, including
lenders, the GSEs and Ginnie Mae; our ability to comply with the terms of our settlements with regulatory agencies, as well as
general regulatory requirements, and the costs of doing so; increased regulatory scrutiny and media attention; any adverse developments
in existing legal proceedings or the initiation of new legal proceedings; our ability to interpret correctly and comply with liquidity,
net worth and other financial and other requirements of regulators, the GSEs and Ginnie Mae, as well as those set forth in our
debt and other agreements; our ability to comply with our servicing agreements, including our ability to comply with our agreements
with, and the requirements of, the GSEs and Ginnie Mae and maintain our seller/servicer and other statuses with them; our ability
to fund future draws on existing loans in our reverse mortgage portfolio; our servicer and credit ratings as well as other actions
from various rating agencies, including the impact of prior or future downgrades of our servicer and credit ratings; as well as
other risks and uncertainties detailed in Ocwen’s reports and filings with the SEC, including its annual report on Form
10-K for the year ended December 31, 2019 and its current and quarterly reports since such date. Anyone wishing to understand
Ocwen’s business should review its SEC filings. Our forward-looking statements speak only as of the date they are made and,
we disclaim any obligation to update or revise forward-looking statements whether as a result of new information, future events
or otherwise.