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): July 26, 2005

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

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

   1601 Worthington Road, 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)

         Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.

On July 26, 2005, the Board of Directors of Ocwen Financial Corporation
appointed Martha Clark Goss to the Company's Board of Directors. It is expected
that Ms. Goss will be named to the Audit Committee of the Company.

Ms. Goss currently serves as Chief Operating and Financial Officer of Amwell
Holdings, LLC. She previously served as Chief Financial Officer for The Capital
Markets Company, a provider of e-based solutions to the global financial
services and capital markets industry; and Booz Allen & Hamilton Inc., a
management consulting firm. Ms. Goss also held various senior executive
positions with Prudential Insurance Company of America and Chase Manhattan Bank,

Ms. Goss serves on the Boards of Claire's Stores, Inc. and American Water and
previously served on the Boards of Foster Wheeler Ltd., Dexter Corporation, the
Metropolitan Regional Board of The Chase Manhattan Bank, IBJ Whitehall Business
Credit Corporation and the boards of various subsidiaries of The Prudential
Insurance Company of America. She is a frequent speaker on corporate governance,
enterprise risk management and audit committee topics for the Conference Board
and other organizations.

Ms. Goss has an MBA from Harvard Graduate School of Business and has a BA in
Biography from Brown University. She is a Trustee/Trustee Emeritus of Brown
University and President Elect and a Board member of the Financial Women's
Association of New York. In addition, she was selected as co-honoree with Lady
Margaret Thatcher for Brown University's Independent Man Award, was invited to
participate as one of the 326 delegates to President Clinton's Economic Summit
in 1992, is a member of the Committee of 200 and a recipient of the
Distinguished Alumni Award of Brown University.


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

                                   OCWEN FINANCIAL CORPORATION

                                   By: /s/ WILLIAM C. ERBEY
                                       William C. Erbey, Chief Executive Officer

Date: July 28, 2005