-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VU8p+fQEDOpT8j8KRMW/FZuHn6k1p9tOxQh2e2+jdOXazJDCjedy031uHwg2jdb2 smdhHt9YNxes09J/mQxWzg== 0001019056-98-000115.txt : 19980305 0001019056-98-000115.hdr.sgml : 19980305 ACCESSION NUMBER: 0001019056-98-000115 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19980304 SROS: NASD GROUP MEMBERS: INVESTORS MORTGAGE INSURANCE COMPANY GROUP MEMBERS: OCWEN ASSET INVESTMENT CORP GROUP MEMBERS: OCWEN CAPITAL CORPORATION GROUP MEMBERS: OCWEN FINANCIAL CORPORATION GROUP MEMBERS: WILLIAM C. ERBEY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: OCWEN FINANCIAL CORP CENTRAL INDEX KEY: 0000873860 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 650039856 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-51815 FILM NUMBER: 98557291 BUSINESS ADDRESS: STREET 1: 1675 PALM BEACH LAKES BLVD STE 1000 STREET 2: THE FORUM CITY: WEST PALM BEACH STATE: FL ZIP: 33401 MAIL ADDRESS: STREET 1: 1675 PALM BEACH LAKES BLVD CITY: WEST PALM BEACH STATE: FL ZIP: 33401 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: OCWEN ASSET INVESTMENT CORP CENTRAL INDEX KEY: 0001033643 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 650736120 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 1675 PALM BEACH LAKES BLVD STREET 2: STE 1000 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 BUSINESS PHONE: 5616818000 MAIL ADDRESS: STREET 1: 1675 PALM BEACH LAKES BLVD CITY: WEST PALM BEACH STATE: FL ZIP: 33401 SC 13G 1 SC 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 OCWEN ASSET INVESTMENT CORP. ---------------------------- (Name of Issuer) COMMON ------------------------- (Title of Class of Securities) 6757M 10 6 -------------------------- (CUSIP Number) FEBRUARY 17, 1998 ----------------- (Date of Event Which Require Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed. [ ] Rule 13d-1(b) (Qualified Investor) [ X ] Rule 13d-1(c) (Passive Investor) [ ] Rule 13d-1(d) (Exempt Investor) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13G CUSIP No. 67574M 10 6 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Investors Mortgage Insurance Holding Company ("IMIHC") IRS Id. No.: 04-2499338 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 1,540,000 -------------------------------------------- NUMBER OF 6. SHARED VOTING POWER 0 SHARES -------------------------------------------- BENEFICIALLY 7. SOLE DISPOSITIVE POWER 1,540,000 OWNED BY EACH -------------------------------------------- REPORTING 8. SHARED DISPOSITIVE POWER 0 PERSON -------------------------------------------- WITH - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,540,000 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.1% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON (SEE INSTRUCTION) CO - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Ocwen Capital Corporation IRS Id. No.: 65-0740743 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Florida - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 -------------------------------------------- NUMBER OF 6. SHARED VOTING POWER 0 SHARES -------------------------------------------- BENEFICIALLY 7. SOLE DISPOSITIVE POWER 0 OWNED BY EACH -------------------------------------------- REPORTING 8. SHARED DISPOSITIVE POWER 0 PERSON -------------------------------------------- WITH - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON (SEE INSTRUCTION) CO - -------------------------------------------------------------------------------- 2 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Ocwen Financial Corporation IRS Id. No.: 65-0039856 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Florida - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 -------------------------------------------- NUMBER OF 6. SHARED VOTING POWER 1,540,000 SHARES -------------------------------------------- BENEFICIALLY 7. SOLE DISPOSITIVE POWER 0 OWNED BY EACH -------------------------------------------- REPORTING 8. SHARED DISPOSITIVE POWER 1,540,000 PERSON -------------------------------------------- WITH - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,540,000 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.1% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON (SEE INSTRUCTION) HC - -------------------------------------------------------------------------------- 3 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON William C. Erbey - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION: USA - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 113,300 -------------------------------------------- NUMBER OF 6. SHARED VOTING POWER 1,674,400* SHARES -------------------------------------------- BENEFICIALLY 7. SOLE DISPOSITIVE POWER 113,300 OWNED BY EACH -------------------------------------------- REPORTING 8. SHARED DISPOSITIVE POWER 1,674,400* PERSON -------------------------------------------- WITH - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON *1,787,700 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.4% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON (SEE INSTRUCTION) IN - -------------------------------------------------------------------------------- * Includes 1,540,000 shares held by IMIHC, of which the reporting person is Chairman, President, Chief Executive Officer and sole director, and 134,400 shares held by a corporation pursuant to which the reporting person and his wife share voting and dispositive power. The reporting person disclaims beneficial ownership of such shares. 4 SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Schedule 13G Under the Securities Exchange Act of 1934 Item 1 (a) Name of issuer: Ocwen Asset Investment Corp. Item 1 (b) Address of issuer's principal executive offices: 1675 Palm Beach Lake Boulevard West Palm Beach, FL 33401 Item 2 (a) Name of person filing: Investors Mortgage Insurance Holding Company Item 2 (b) Address of principal business office: 1675 Palm Beach Lake Boulevard West Palm Beach, FL 33401 Item 2 (c) Citizenship or Place of Organization: Delaware Item 2 (d) Title of class of securities: COMMON Item 2 (e) Cusip No.: 67574M 10 6 Item 3 Type of Person: Passive Investor If this statement is being filed pursuant to 240.13d-1(c), Check this box [x]. Item 4 (a) Amount beneficially owned: 1,540,000 ------------ Item 4 (b) Percent of class: 8.1% Item 4 (c) (i) sole power to vote: 1,540,000 ------------ (ii) shared power to vote: -0- ------------ (iii) sole power to dispose: 1,540,000 ------------ (iv) shared power to dispose: -0- ------------ Item 5 Ownership of 5 percent or less of a class: Not Applicable 5 Item 6 Ownership of more than 5 percent on behalf of another person: Not Applicable Item 7 Identification and classification of subsidiary: Not Applicable Item 8 Identification and classification of members of the group: Not Applicable Item 9 Notice of dissolution of the group: Not Applicable Item 10 Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. 6 SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Schedule 13G Under the Securities Exchange Act of 1934 Item 1 (a) Name of issuer: Ocwen Asset Investment Corp. Item 1 (b) Address of issuer's principal executive offices: 1675 Palm Beach Lake Boulevard West Palm Beach, FL 33401 Item 2 (a) Name of person filing: Ocwen Capital Corporation Item 2 (b) Address of principal business office: 1675 Palm Beach Lake Boulevard West Palm Beach, FL 33401 Item 2 (c) Citizenship or Place of Organization: Florida Item 2 (d) Title of class of securities: COMMON Item 2 (e) Cusip No.: 67574M 10 6 Item 3 Type of Person: Passive Investor If this statement is filed pursuant to 240.13d-1(c), check this box [x] Item 4 (a) Amount beneficially owned: 0 ------------ Item 4 (b) Percent of class: 0% Item 4 (c) (i) sole power to vote: 0 ------------ (ii) shared power to vote: 0 ------------ (iii) sole power to dispose: 0 ------------ (iv) shared power to dispose: 0 ------------ Item 5 Ownership of 5 percent or less of a class: Not Applicable 7 Item 6 Ownership of more than 5 percent on behalf of another person: Not Applicable Item 7 Identification and classification of subsidiary: Not Applicable Item 8 Identification and classification of members of the group: Not Applicable Item 9 Notice of dissolution of the group: Not Applicable Item 10 Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. 8 SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Schedule 13G Under the Securities Exchange Act of 1934 Item 1 (a) Name of issuer: Ocwen Asset Investment Corp. Item 1 (b) Address of issuer's principal executive offices: 1675 Palm Beach Lake Boulevard West Palm Beach, FL 33401 Item 2 (a) Name of person filing: Ocwen Financial Corporation Item 2 (b) Address of principal business office: 1675 Palm Beach Lake Boulevard West Palm Beach, FL 33401 Item 2 (c) Citizenship or Place of Organization: Florida Item 2 (d) Title of class of securities: COMMON Item 2 (e) Cusip No.: 67574M 10 6 Item 3 Type of Person: Passive Investor If this statement is filed pursuant to 240.13d-1(c), check this box [x] Item 4 (a) Amount beneficially owned: 1,540,000 ------------ Item 4 (b) Percent of class: 8.1% Item 4 (c) (i) sole power to vote: 0 ------------ (ii) shared power to vote: 1,540,000 ------------ (iii) sole power to dispose: 0 ------------ (iv) shared power to dispose: 1,540,000 ------------ Item 5 Ownership of 5 percent or less of a class: Not Applicable 9 Item 6 Ownership of more than 5 percent on behalf of another person: Not Applicable Item 7 Identification and classification of subsidiary: Not Applicable Item 8 Identification and classification of members of the group: Not Applicable Item 9 Notice of dissolution of the group: Not Applicable Item 10 Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. 10 SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Schedule 13G Under the Securities Exchange Act of 1934 Item 1 (a) Name of issuer: Ocwen Asset Investment Corp. Item 1 (b) Address of issuer's principal executive offices: 1675 Palm Beach Lake Boulevard West Palm Beach, FL 33401 Item 2 (a) Name of person filing: William C. Erbey Item 2 (b) Address of principal business office: 1675 Palm Beach Lake Boulevard West Palm Beach, FL 33401 Item 2 (c) Citizenship: USA Item 2 (d) Title of class of securities: COMMON Item 2 (e) Cusip No.: 67574M 10 6 Item 3 Type of Person: Passive Investor If this statement is filed pursuant to 240.13d-1(c), check this box [x] Item 4 (a) Amount beneficially owned: 1,787,700* ------------ Item 4 (b) Percent of class: 9.4% * Includes 1,540,000 shares held by IMIHC, of which the reporting person is Chairman, President, Chief Executive Officer and sole director, and 134,400 shares held by a corporation pursuant to which the reporting person and his wife share voting and dispositive power. The reporting person disclaims beneficial ownership of such shares. 11 Item 4 (c) (i) sole power to vote: 113,300 ------------ (ii) shared power to vote: 1,674,400* ------------ (iii) sole power to dispose: 113,300 ------------ (iv) shared power to dispose: 1,674,400* ------------ Item 5 Ownership of 5 percent or less of a class: Not Applicable Item 6 Ownership of more than 5 percent on behalf of another person: Not Applicable Item 7 Identification and classification of subsidiary: Not Applicable Item 8 Identification and classification of members of the group: Not Applicable Item 9 Notice of dissolution of the group: Not Applicable Item 10 Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. MATERIALS TO BE FILED AS EXHIBITS Exhibit 1 Agreement between the reporting persons with respect to the filing of this Schedule 13G. * Includes 1,540,000 shares held by IMIHC, of which the reporting person is Chairman, President, Chief Executive Officer and sole director, and 134,400 shares held by a corporation pursuant to which the reporting person and his wife share voting and dispositive power. The reporting person disclaims beneficial ownership of such shares. 12 SIGNATURE After reasonable inquiry and to the best of their knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. INVESTORS MORTGAGE INSURANCE HOLDING COMPANY Date: March 2, 1998 By: /s/ WILLIAM C. ERBEY ------------------------------ William C. Erbey Chairman, President and Chief Executive Officer Date: March 2, 1998 OCWEN CAPITAL CORPORATION By: /s/ WILLIAM C. ERBEY ------------------------------ William C. Erbey Chairman, President and Chief Executive Officer OCWEN FINANCIAL CORPORATION Date: March 2, 1998 By: /s/ WILLIAM C. ERBEY ------------------------------ William C. Erbey Chairman, President and Chief Executive Officer WILLIAM C. ERBEY Date: March 2, 1998 By: /s/ WILLIAM C. ERBEY ------------------------------ William C. Erbey 13 EXHIBIT INDEX ------------- EXHIBIT NO. DESCRIPTION PAGE - ----------- ----------- ---- 1 Agreement between the Reporting Persons with respect to the filing of this Schedule 13G 15 14 EX-1 2 EXHIBIT 1 EXHIBIT 1 --------- We, the undersigned, hereby express our agreement that the attached Schedule 13G is filed on behalf of each of the undersigned. INVESTORS MORTGAGE INSURANCE HOLDING COMPANY Date: March 2, 1998 By: /s/ WILLIAM C. ERBEY ---------------------------- William C. Erbey Chairman, President and Chief Executive Officer Date: March 2, 1998 OCWEN CAPITAL CORPORATION By: /s/ WILLIAM C. ERBEY ---------------------------- William C. Erbey Chairman, President and Chief Executive Officer OCWEN FINANCIAL CORPORATION Date: March 2, 1998 By: /s/ WILLIAM C. ERBEY ---------------------------- William C. Erbey Chairman, President and Chief Executive Officer WILLIAM C. ERBEY Date: March 2, 1998 By: /s/ WILLIAM C. ERBEY ---------------------------- William C. Erbey 15 -----END PRIVACY-ENHANCED MESSAGE-----