Onity (ONIT) 10-K2009 FY Annual report

Filed: 8 Mar 10, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: advisory, ago, Altisource, apportioned, arbitration, ASC, augmented, authoritative, belief, billion, binding, bps, check, climbed, codification, Codified, collusion, combat, competitor, condensed, confirmed, Consent, contemporaneously, CPR, customary, dealing, Deloitte, demonstrate, disagreement, disaster, disclaimer, disproportionate, diversion, drastic, drop, DTI, earliest, encouraging, equivalent, evidenced, explanatory, extreme, extremely, feedback, FFELP, FHA, filer, forfeit, forgoing, forthcoming, fractional, gathered, HAMP, happier, heightened, HUD, Identification, illustrative, imminent, implicit, inASC, incompatibility, intensity, intensive, interrelated, inventory, legislation, legislative, lever, linked, loop, manual, mechanism, misapplying, Mitigationand, NASDAQ, nearest, necessitated, nongovernmental, Noo, noteholder, Nox, ordinarily, OSAF, outperformed, override, pipeline, placement, power, pronouncement, publicly, qualification, reconsider, reevaluate, Reiner, reinforce, reintroducing, retroactively, satisfactory, Scalability, shell, showed, solution, spanned, staggering, strike, struck, surrendered, TALF, terminology, ticker, tighter, Touche, unqualified, unrelated, vehicle, Web, Yesx

Removed: accept, accreting, accuracy, acting, advantage, allegedly, amounting, arose, attractive, attributed, authorize, averaged, backup, bad, Berlin, branch, British, capitalized, Chase, claimed, Colorado, compare, consulting, continuously, contrary, defaulted, Delaware, delivery, Denver, discounting, disposal, divestiture, Docket, efficiently, embedded, enhancing, entering, Eurodollar, exit, expanded, explained, FIN, Finally, forecast, foreclose, FSB, granting, grew, hazard, history, incurrence, informed, intent, intention, interlocutory, interpretation, Jersey, JPMorgan, leave, legitimate, listing, managing, Marathon, matured, Merrill, misapplication, modeling, occasioning, optional, outlook, outright, Panel, point, pooling, posting, precluded, preemption, propriety, Puerto, reached, representative, returned, reversed, review, Rico, risen, Rocaille, ruling, scenario, selling, sensitivity, spite, styled, successor, sum, syndication, thereof, travel, treating, uncertain, unrestricted, untimely, viewed, violation, Wall, working

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

ONIT similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

Exhibit 12.1

OCWEN FINANCIAL CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)


	2009		2008		2007		2006		2005

									(Adjusted)
Earnings:
Income (loss) from continuing operations before income taxes (1)	$	96,194	$	44,093	$	49,891	$	77,951	$	12,309

Add:
Interest expensed and capitalized, except interest on deposits, and amortization of capitalized debt expenses		62,541		86,141		75,890		56,318		39,103
Interest on deposits		572		654		917		948		3,710
Interest component of rental expense		2,089		2,650		2,217		1,513		1,308

Total fixed charges (2)		65,202		89,445		79,024		58,779		44,121

Earnings (losses) for computation purposes	$	161,396	$	133,538	$	128,915	$	136,730	$	56,430


Ratio of earnings to fixed charges:
Including interest on deposits (3)		2.48		1.49		1.63		2.33		1.28
Excluding interest on deposits (3)		2.49		1.50		1.64		2.35		1.30


(1)	Excludes income or loss from equity investees but includes any distributions received representing a return on capital
(2)	Fixed charges represent total interest expensed and capitalized, including and excluding interest on deposits, amortization of capitalized debt expenses, as well as the interest component of rental expense.
(3)	The ratios of earnings to fixed charges were computed by dividing (x) income from continuing operations before income taxes plus fixed charges by (y) fixed charges.