<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM OCWEN
FINANCIAL CORPORATION'S CONSOLIDATED STATEMENT OF FINANCIAL CONDITION AND
STATEMENT OF OPERATIONS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               DEC-31-1996
<CASH>                                           6,878
<INT-BEARING-DEPOSITS>                          13,341
<FED-FUNDS-SOLD>                                32,000
<TRADING-ASSETS>                                75,606
<INVESTMENTS-HELD-FOR-SALE>                    354,005
<INVESTMENTS-CARRYING>                           8,901
<INVESTMENTS-MARKET>                                 0
<LOANS>                                      1,589,901<F1>
<ALLOWANCE>                                     15,602<F2>
<TOTAL-ASSETS>                               2,483,685
<DEPOSITS>                                   1,919,742
<SHORT-TERM>                                    74,945
<LIABILITIES-OTHER>                             59,829
<LONG-TERM>                                    225,573
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           267
<OTHER-SE>                                     203,329
<TOTAL-LIABILITIES-AND-EQUITY>               2,483,685
<INTEREST-LOAN>                                157,075
<INTEREST-INVEST>                               32,138
<INTEREST-OTHER>                                 4,681
<INTEREST-TOTAL>                               193,894
<INTEREST-DEPOSIT>                              93,773
<INTEREST-EXPENSE>                             116,160
<INTEREST-INCOME-NET>                           77,734
<LOAN-LOSSES>                                   22,450
<SECURITIES-GAINS>                              15,291
<EXPENSE-OTHER>                                 69,578
<INCOME-PRETAX>                                 61,301
<INCOME-PRE-EXTRAORDINARY>                      61,301
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    50,142
<EPS-PRIMARY>                                     1.88
<EPS-DILUTED>                                     1.88
<YIELD-ACTUAL>                                  12.075
<LOANS-NON>                                    517,774
<LOANS-PAST>                                    45,635
<LOANS-TROUBLED>                               100,343
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 1,947
<CHARGE-OFFS>                                    9,512
<RECOVERIES>                                       176
<ALLOWANCE-CLOSE>                               15,062
<ALLOWANCE-DOMESTIC>                            15,062
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
<FN>
<F1>Includes loans available for sale of $126,366, loan portfolio of $402,582, and
discounted loan portfolio of $1,060,953.
<F2>Includes allowance for loan losses on loan portfolio of $3,523, and on
discounted loan portfolio of $11,538.
</FN>