![](https://capedge.com/proxy/8-K/0001104659-13-088007/g255381moi030.gif)
| © 2013 Altisource. All rights reserved. Proprietary and Confidential. Page | 29 Service Revenue Scenarios: Assumptions Portfolio acquisition assumptions Scenario 1 Scenario 2 Annual non-GSE portfolio acquisitions by Ocwen in 2014, 2015 and 2016 (no non-GSE portfolio acquisitions in 2017) None $100 billion 1 Delinquency rate is calculated as the average % of total number of loans that are delinquent for more than 30 days, including loans in bankruptcy, foreclosure and REO 2 3 U.S. loan origination projections for 2013 and 2014 based on Mortgage Bankers Association March 22, 2013 forecast. U.S. loan origination projections from 2015 to 2017 based on U.S. loan origination projection for Actual 2013 YTD is based on the Mortgage Bankers Association September 23, 2013 forecast 4 Assumptions applicable to all scenarios 2013 2014 2015 2016 2017 Through Q3 2013 Default related Non-GSE delinquency rate 1, 2 28.3% 23.6% 20.2% 19.2% 18.9% 28.9% GSE delinquency rate 1, 2 on legacy portfolios acquired by Ocwen through March 31, 2013 19.8% 17.1% 13.7% 12.7% 13.1% 19.4% GSE delinquency rate1 on new portfolios acquired or originated by Ocwen subsequent to March 31, 2013 0% 0% 0% 0% 0% 0% Originations related U.S. loan originations ($bn) 3 1,410 1,061 900 1,100 1,300 1,345 Lenders One and Ocwen share of U.S. loan origination market 11.4% 13.3% 13.7% 15.2% 15.2% 12.5% Origination related services revenue expressed as basis points of loans originated by Lenders One members and Ocwen 3.5 6.2 10.2 13.4 15.5 1.9 Technology Services Number of performing GSE loans on REALServicing® (related to Ocwen PMSR acquisitions or new originations occurring subsequent to March 31, 2013) that generates Technology Services revenue only 4 - 386,320 409,329 479,023 581,009 - Residential asset business - average rental homes under management 113 1,580 5,700 13,631 24,081 15 Hubzu non-Ocwen properties sold 2,500 17,000 26,250 36,480 49,376 4 Financial Services - annual revenue growth rate 24.9% 18.0% 9.6% 9.7% 9.6% 34.9% Delinquency rates are projected to decline at the same rate as projected by Moody’s CreditForecast.com Moody’s Analytics. |