Exhibit 12.1

OCWEN FINANCIAL CORPORATION AND SUBSIDIARIES

COMPUTATION OF EARNINGS TO FIXED CHARGES

(Dollars in thousands)

	2011		2010		2009		2008		2007
Earnings:
Income from continuing operations before income taxes (1)	$	123,741	$	37,783	$	96,194	$	44,092	$	49,891
Add:
Interest expensed and capitalized, except interest on   deposits, and amortization of capitalized debt    expenses		131,376		85,001		62,541		86,141		75,890
Interest on deposits		1,390		918		572		654		917
Interest component of rental expense		1,854		4,101		2,100		2,650		2,217
Total fixed charges (2)		134,620		90,020		65,213		89,445		79,024
Earnings for computation purposes	$	258,361	$	127,803	$	161,407	$	133,537	$	128,915
Ratio of earnings to fixed charges:
Including interest on deposits (3)		1.92		1.42		2.48		1.49		1.63
Excluding interest on deposits (3)		1.93		1.42		2.49		1.50		1.64

(1)	Excludes income or loss from equity investees but includes any distributions received representing a return on capital
(2)	Fixed charges represent total interest expensed and capitalized, including and excluding interest on deposits, amortization of capitalized debt expenses as well as the interest component of rental expense.
(3)	The ratios of earnings to fixed charges were computed by dividing (x) income from continuing operations before income taxes plus fixed charges by (y) fixed charges.