Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT


                       Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934

                                 Date of report
                 (Date of earliest event reported): May 6, 2004

                           OCWEN FINANCIAL CORPORATION
             (Exact name of registrant as specified in its charter)

            Florida                     1-13219                65-0039856
 (State or other jurisdiction         (Commission           (I.R.S. Employer
       of incorporation)              File Number)         Identification No.)

                              The Forum, Suite 1000
         1675 Palm Beach Lakes Boulevard, West Palm Beach, Florida 33401
                (Address of principal executive office)(Zip Code)

       Registrant's telephone number, including area code: (561) 682-8000

          (Former name or former address, if changed since last report)

                                   Page 1 of 9
                             Exhibit Index on Page 4

Item 7.           Financial Statements, Pro Forma Financial Information and

  (a) - (b)       Not applicable.

  (c)             Exhibits

                  The following exhibits are filed as part of this report:

                  99.1     Text of a press release by the Registrant dated May
                           6, 2004.

Item 12.          Disclosure of Results of Operations and Financial Condition

                  The news release of the Registrant dated May 6, 2004,
                  announcing its first quarter results is attached hereto and
                  filed herewith as Exhibit 99.1.

                                  Page 2 of 9


         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned, hereunto duly authorized.

                                    OCWEN FINANCIAL CORPORATION

                                    By: /s/ MARK S. ZEIDMAN
                                        Mark S. Zeidman
                                        Senior Vice President and Chief
                                         Financial Officer

Date:    May 6, 2004

                                  Page 3 of 9


  Exhibit No.       Description                                             Page
  -----------       -----------                                             ----

     99.1           News release of Ocwen Financial Corporation,              5
                    dated May 6, 2004, announcing its first quarter
                    2004 results and certain other information.

                                  Page 4 of 9