<ARTICLE>                                                 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM OCWEN
FINANCIAL CORPORATION'S CONSOLIDATED STATEMENT OF FINANCIAL CONDITION AND
STATEMENT OF OPERATIONS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS FROM ITS FILING ON FORM 10-K FOR THE FISCAL YEAR ENDED
DECEMBER 31, 1998.
</LEGEND>
<CIK>                                            0000873860
<NAME>                          OCWEN FINANCIAL CORPORATION
<MULTIPLIER>                                          1,000
<CURRENCY>                                              USD

                                                     
<PERIOD-TYPE>                                          YEAR
<FISCAL-YEAR-END>                               DEC-31-1999
<PERIOD-START>                                  JAN-01-1999
<PERIOD-END>                                    DEC-31-1999
<EXCHANGE-RATE>                                           1
<CASH>                             153,459
<INT-BEARING-DEPOSITS>             116,399
<FED-FUNDS-SOLD>                   112,000
<TRADING-ASSETS>                         0
<INVESTMENTS-HELD-FOR-SALE>        587,518
<INVESTMENTS-CARRYING>              10,965
<INVESTMENTS-MARKET>                10,965
<LOANS>                          1,220,951
<ALLOWANCE>                         26,935
<TOTAL-ASSETS>                   3,309,313
<DEPOSITS>                       1,842,286
<SHORT-TERM>                       376,746
<LIABILITIES-OTHER>                153,266
<LONG-TERM>                        317,573
<PREFERRED-MANDATORY>                    0
<PREFERRED>                              0
<COMMON>                               686
<OTHER-SE>                         508,756
<TOTAL-LIABILITIES-AND-EQUITY>   3,309,313
<INTEREST-LOAN>                    179,365
<INTEREST-INVEST>                   64,784
<INTEREST-OTHER>                     8,942
<INTEREST-TOTAL>                   253,224
<INTEREST-DEPOSIT>                  98,370
<INTEREST-EXPENSE>                 155,542
<INTEREST-INCOME-NET>               97,682
<LOAN-LOSSES>                        6,710
<SECURITIES-GAINS>                  53,727
<EXPENSE-OTHER>                    209,256
<INCOME-PRETAX>                     14,819
<INCOME-PRE-EXTRAORDINARY>          12,849
<EXTRAORDINARY>                      6,983
<CHANGES>                                0
<NET-INCOME>                        19,832
<EPS-BASIC>                            .31
<EPS-DILUTED>                          .31
<YIELD-ACTUAL>                       11.41
<LOANS-NON>                        679,660
<LOANS-PAST>                             0
<LOANS-TROUBLED>                         0
<LOANS-PROBLEM>                          0
<ALLOWANCE-OPEN>                    26,330
<CHARGE-OFFS>                        8,060
<RECOVERIES>                           397
<ALLOWANCE-CLOSE>                   26,935
<ALLOWANCE-DOMESTIC>                26,935
<ALLOWANCE-FOREIGN>                      0
<ALLOWANCE-UNALLOCATED>                  0

<FN>
<F1>
TAG 9-03(7) INCLUDES LOANS AVAILABLE FOR SALE OF $45,213, LOAN PORTFOLIO OF
$157,408, DISCOUNT LOAN PORTFOLIO OF $913,229 AND MATCH FUNDED LOANS OF $105,101

<F2>

TAG 9-03(7)(2) INCLUDES ALLOWANCE FOR LOAN LOSSES ON LOAN PORTFOLIO OF $7,259,
ON THE DISCOUNT LOAN PORTFOLIO OF $19,181 AND ON MATCH FUNDED LOANS OF $495.

<F3>

TAG 9-03(13) INCLUDES SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE OF $47,365,
ON OBLIGATIONS OUTSTANDING UNDER LINES OF CREDIT OF $187,866 AND ON BONDS-MATCH
FUNDED AGREEMENTS OF $141,515.

<F4>

TAG 9-04(1) INCLUDES INTEREST INCOME ON LOANS AVAILABLE FOR SALE OF $25,724,
LOAN PORTFOLIO OF $28,683, AND DISCOUNT LOANS OF $121,854 AND ON MATCH FUNDED
LOANS OF $3,104.

<F5>

TAG 9-04(14) INCLUDES NON-INTEREST EXPENSE OF $196,145, DISTRIBUTIONS ON COMPANY
OBLIGATED, MANDATORILY REDEEMABLE SECURITIES OF SUBSIDIARY TRUST HOLDING SOLELY
JUNIOR SUBORDINATED DEBENTURES OF THE COMPANY OF $13,111.
</FN>