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Ocwen Announces Acquisition Of Homeward Residential From WL Ross & Co.

About Homeward Residential Holdings, Inc.

Homeward Residential is a nationwide integrated mortgage company with mortgage servicing and prime lending businesses. Homeward has a total servicing portfolio of more than 422,000 loans aggregating approximately $77 billion. As of September 2012, Homeward's growing lending platform was originating approximately $10 billion of loans on an annual run-rate basis. With headquarters in Dallas, Texas, Homeward has approximately 2,800 associates working each day toward the mission of helping families realize and preserve their dream of homeownership.

CONTACT: John V. Britti
         Executive Vice President & CFO
         T: (561) 682-7535
         E: John.Britti@Ocwen.com

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