Ocwen Capital Trust I Sample Contracts

Ocwen Capital Trust I – INDENTURE (August 5th, 1997)

OCWEN FINANCIAL CORPORATION TO THE CHASE MANHATTAN BANK, Trustee INDENTURE Dated as of August __, 1997

Ocwen Capital Trust I – UNDER THE TRUST INDENTURE ACT OF 1939 OF (August 5th, 1997)

____________________________________________________________ SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 _________________________ FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE ___________________________________________ CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) ________ ________________________________________ THE CHASE MANHATTAN BANK (Exact name of trustee as specified in its charter) New York

Ocwen Capital Trust I – UNDERWRITING AGREEMENT (August 5th, 1997)

$125,000,000 OCWEN CAPITAL TRUST I __% Capital Securities UNDERWRITING AGREEMENT August __, 1997 Lehman Brothers Inc. Friedman, Billings, Ramsey & Co., Inc. Morgan Stanley & Co. Incorporated As Representatives of the several Underwriters named in Schedule 1, c/o Lehman Brothers Inc. Three World Financial Center New York, New York 10285 Dear Sirs: Ocwen Capital Trust I (the "Trust"), a statutory business trust created under the Business Trust Act (the "Delaware Act") of the State of Delaware (Chapter 38, Title 12, of the Delaware Code, 12 Del. C. Section 3801 et seq.), proposes, subject to the terms a

Ocwen Capital Trust I – UNDER THE TRUST INDENTURE ACT OF 1939 OF (August 5th, 1997)

___________________________________________________________________ SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 _________________________ FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE ___________________________________________ CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) ________ ________________________________________ THE CHASE MANHATTAN BANK (Exact name of trustee as specified in its charter) New York

Ocwen Capital Trust I – UNDER THE TRUST INDENTURE ACT OF 1939 OF (August 5th, 1997)

___________________________________________________________________ SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 _________________________ FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE ___________________________________________ CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) ________ ________________________________________ THE CHASE MANHATTAN BANK (Exact name of trustee as specified in its charter)

Ocwen Capital Trust I – GUARANTEE AGREEMENT (August 5th, 1997)

-------------------------------------------------------------------------------- GUARANTEE AGREEMENT OCWEN CAPITAL TRUST I Dated as of August __, 1997 -------------------------------------------------------------------------------- CROSS REFERENCE TABLE* Section of Trust Section of Indenture Act of Guarantee 1939, as amended Agreement 310(a)....................................................................4.1(a) 310(b)....................................................................4.1(c) 310(c)..............................................................Inapplicable 311(a)....................................................................2.2(b) 311(b).............................................