<XBRL>
<!-- Generated by iC(tm) - CompSci Interactive Converter - http://www.compsciresources.com -->
<!-- Created: Wed Feb 29 22:09:25 UTC 2012 -->
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        <link:definition>001 - Statement - CONSOLIDATED BALANCE SHEETS</link:definition>
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      <link:roleType roleURI="http://www.ocwen.com/role/ConsolidatedBalanceSheet_Parentheticals" id="ocn_ConsolidatedBalanceSheet_Parentheticals">
        <link:definition>002 - Statement - CONSOLIDATED BALANCE SHEETS (Parentheticals)</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
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        <link:definition>003 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS</link:definition>
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        <link:definition>004 - Statement - CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
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        <link:definition>005 - Statement - CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY</link:definition>
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        <link:definition>006 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS</link:definition>
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      <link:roleType roleURI="http://www.ocwen.com/role/Note" id="ocn_Note">
        <link:definition>007 - Disclosure - NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
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        <link:definition>008 - Disclosure - NOTE 2 ACQUISITIONS</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
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        <link:definition>009 - Disclosure - NOTE 3 FAIR VALUE</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType roleURI="http://www.ocwen.com/role/Note000" id="ocn_Note000">
        <link:definition>010 - Disclosure - NOTE 4 LOANS HELD FOR RESALE</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType roleURI="http://www.ocwen.com/role/Note0000" id="ocn_Note0000">
        <link:definition>011 - Disclosure - NOTE 5 ADVANCES</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
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        <link:definition>012 - Disclosure - NOTE 6 MATCH FUNDED ADVANCES</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType roleURI="http://www.ocwen.com/role/Note000000" id="ocn_Note000000">
        <link:definition>013 - Disclosure - NOTE 7 LOANS - RESTRICTED FOR SECURITIZATION INVESTORS</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.ocwen.com/role/Note0000000" id="ocn_Note0000000">
        <link:definition>014 - Disclosure - NOTE 8 MORTGAGE SERVICING</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.ocwen.com/role/Note00000000" id="ocn_Note00000000">
        <link:definition>015 - Disclosure - NOTE 9 RECEIVABLES</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.ocwen.com/role/Note000000000" id="ocn_Note000000000">
        <link:definition>016 - Disclosure - NOTE 10 PREMISES AND EQUIPMENT</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.ocwen.com/role/Note0000000000" id="ocn_Note0000000000">
        <link:definition>017 - Disclosure - NOTE 11 INVESTMENT IN UNCONSOLIDATED ENTITIES</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.ocwen.com/role/Note00000000000" id="ocn_Note00000000000">
        <link:definition>018 - Disclosure - NOTE 12 OTHER ASSETS</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.ocwen.com/role/Note000000000000" id="ocn_Note000000000000">
        <link:definition>019 - Disclosure - NOTE 13 MATCH FUNDED LIABILITIES</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.ocwen.com/role/Note0000000000000" id="ocn_Note0000000000000">
        <link:definition>020 - Disclosure - NOTE 14 SECURED BORROWINGS - OWED TO SECURITIZATION INVESTORS</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.ocwen.com/role/Note00000000000000" id="ocn_Note00000000000000">
        <link:definition>021 - Disclosure - NOTE 15 LINES OF CREDIT AND OTHER SECURED BORROWINGS</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.ocwen.com/role/Note000000000000000" id="ocn_Note000000000000000">
        <link:definition>022 - Disclosure - NOTE 16 DEBT SECURITIES</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.ocwen.com/role/Note0000000000000000" id="ocn_Note0000000000000000">
        <link:definition>023 - Disclosure - NOTE 17 OTHER LIABILITIES</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.ocwen.com/role/Note00000000000000000" id="ocn_Note00000000000000000">
        <link:definition>024 - Disclosure - NOTE 18 EQUITY</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.ocwen.com/role/Note000000000000000000" id="ocn_Note000000000000000000">
        <link:definition>025 - Disclosure - NOTE 19 DERIVATIVE FINANCIAL INSTRUMENTS</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.ocwen.com/role/Note0000000000000000000" id="ocn_Note0000000000000000000">
        <link:definition>026 - Disclosure - NOTE 20 SERVICING AND SUBSERVICING FEES</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.ocwen.com/role/Note00000000000000000000" id="ocn_Note00000000000000000000">
        <link:definition>027 - Disclosure - NOTE 21 INTEREST INCOME</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
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        <link:definition>028 - Disclosure - NOTE 22 INTEREST EXPENSE</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.ocwen.com/role/Note0000000000000000000000" id="ocn_Note0000000000000000000000">
        <link:definition>029 - Disclosure - NOTE 23 INCOME TAXES</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.ocwen.com/role/Note00000000000000000000000" id="ocn_Note00000000000000000000000">
        <link:definition>030 - Disclosure - NOTE 24 DISCONTINUED OPERATIONS</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.ocwen.com/role/Note000000000000000000000000" id="ocn_Note000000000000000000000000">
        <link:definition>031 - Disclosure - NOTE 25 BASIC AND DILUTED EARNINGS PER SHARE</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.ocwen.com/role/Note0000000000000000000000000" id="ocn_Note0000000000000000000000000">
        <link:definition>032 - Disclosure - NOTE 26 EMPLOYEE COMPENSATION AND BENEFIT PLANS</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.ocwen.com/role/Note00000000000000000000000000" id="ocn_Note00000000000000000000000000">
        <link:definition>033 - Disclosure - NOTE 27 BUSINESS SEGMENT REPORTING</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      </link:roleType>
      <link:roleType roleURI="http://www.ocwen.com/role/Note000000000000000000000000000" id="ocn_Note000000000000000000000000000">
        <link:definition>034 - Disclosure - NOTE 28 RELATED PARTY TRANSACTIONS</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
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      </link:roleType>
      <link:roleType roleURI="http://www.ocwen.com/role/Note0000000000000000000000000000" id="ocn_Note0000000000000000000000000000">
        <link:definition>035 - Disclosure - NOTE 29 REGULATORY REQUIREMENTS</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType roleURI="http://www.ocwen.com/role/Note00000000000000000000000000000" id="ocn_Note00000000000000000000000000000">
        <link:definition>036 - Disclosure - NOTE 30 COMMITMENTS AND CONTINGENCIES</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType roleURI="http://www.ocwen.com/role/Note000000000000000000000000000000" id="ocn_Note000000000000000000000000000000">
        <link:definition>037 - Disclosure - NOTE 31 QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType roleURI="http://www.ocwen.com/role/Note0000000000000000000000000000000" id="ocn_Note0000000000000000000000000000000">
        <link:definition>038 - Disclosure - NOTE 32 SUBSEQUENT EVENTS</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
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      </link:roleType>
      <link:roleType roleURI="http://www.ocwen.com/role/DocumentAndEntityInformation" id="DocumentAndEntityInformation">
        <link:definition>000 - Disclosure - Document And Entity Information</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
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  <xs:element name="PaymentsToAcquireBusinessNetOfCashAcquired" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item" id="ocn_PaymentsToAcquireBusinessNetOfCashAcquired"/>
  <xs:element name="PaymentsToAcquireAdvancesAndOtherAssetsInConnectionWithThePurchaseOfMortgageServicingRights" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item" id="ocn_PaymentsToAcquireAdvancesAndOtherAssetsInConnectionWithThePurchaseOfMortgageServicingRights"/>
  <xs:element name="IncreaseDecreaseInVariableInterestEntityConsolidatedRestrictedCash" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item" id="ocn_IncreaseDecreaseInVariableInterestEntityConsolidatedRestrictedCash"/>
  <xs:element name="PrincipalPaymentsReceivedOnVariableInterestEntityConsolidatedAssets" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_PrincipalPaymentsReceivedOnVariableInterestEntityConsolidatedAssets"/>
  <xs:element name="CashFlowsFromFinancingActivitiesAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_CashFlowsFromFinancingActivitiesAbstract"/>
  <xs:element name="RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item" id="ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities"/>
  <xs:element name="RepaymentOfVariableInterestEntityConsolidatedLiabilities" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item" id="ocn_RepaymentOfVariableInterestEntityConsolidatedLiabilities"/>
  <xs:element name="CashDistributedInSpinoffTransaction" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item" id="ocn_CashDistributedInSpinoffTransaction"/>
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  <xs:element name="SharesPaidForStockOptionExercisePriceAndTaxWithholdingForShareBasedCompensation" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item" id="ocn_SharesPaidForStockOptionExercisePriceAndTaxWithholdingForShareBasedCompensation"/>
  <xs:element name="SupplementalBusinessAcquisitionInformationAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_SupplementalBusinessAcquisitionInformationAbstract"/>
  <xs:element name="FairValueOfAssetsAcquiredAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_FairValueOfAssetsAcquiredAbstract"/>
  <xs:element name="BusinessAcquisitionPurchasePriceAllocationAdvances" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item" id="ocn_BusinessAcquisitionPurchasePriceAllocationAdvances"/>
  <xs:element name="BusinessAcquisitionPurchasePriceAllocationMortgageServicingRights" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item" id="ocn_BusinessAcquisitionPurchasePriceAllocationMortgageServicingRights"/>
  <xs:element name="BusinessAcquisitionPurchasePriceAllocationOtherAssets" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item" id="ocn_BusinessAcquisitionPurchasePriceAllocationOtherAssets"/>
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  <xs:element name="BusinessAcquisitionPurchasePriceAllocationServicingLiabilities" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item" id="ocn_BusinessAcquisitionPurchasePriceAllocationServicingLiabilities"/>
  <xs:element name="BusinessAcquisitionPurchasePriceAllocationChecksHeldforEscheat" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item" id="ocn_BusinessAcquisitionPurchasePriceAllocationChecksHeldforEscheat"/>
  <xs:element name="BusinessAcquisitionPurchasePriceAllocationDueFromSellerForPurchasePriceAdjustment" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item" id="ocn_BusinessAcquisitionPurchasePriceAllocationDueFromSellerForPurchasePriceAdjustment"/>
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  <xs:element name="MergersAcquisitionsAndDispositionsDisclosuresTextBlockAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_MergersAcquisitionsAndDispositionsDisclosuresTextBlockAbstract"/>
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  <xs:element name="MortgageLoansOnRealEstateByLoanDisclosureTextBlockAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_MortgageLoansOnRealEstateByLoanDisclosureTextBlockAbstract"/>
  <xs:element name="AdvancesTextBlockAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_AdvancesTextBlockAbstract"/>
  <xs:element name="AdvancesTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_AdvancesTextBlock"/>
  <xs:element name="TransfersAccountedForAsSecuredBorrowingsAdvancesTextBlockAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_TransfersAccountedForAsSecuredBorrowingsAdvancesTextBlockAbstract"/>
  <xs:element name="TransfersAccountedForAsSecuredBorrowingsAdvancesTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_TransfersAccountedForAsSecuredBorrowingsAdvancesTextBlock"/>
  <xs:element name="VariableInterestEntityConsolidatedCarryingAmountAssetsTextBlockAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_VariableInterestEntityConsolidatedCarryingAmountAssetsTextBlockAbstract"/>
  <xs:element name="VariableInterestEntityConsolidatedCarryingAmountAssetsTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_VariableInterestEntityConsolidatedCarryingAmountAssetsTextBlock"/>
  <xs:element name="ScheduleOfServicingAssetsAtAmortizedValueTableTextBlockAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_ScheduleOfServicingAssetsAtAmortizedValueTableTextBlockAbstract"/>
  <xs:element name="LoansNotesTradeAndOtherReceivablesDisclosureTextBlockAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_LoansNotesTradeAndOtherReceivablesDisclosureTextBlockAbstract"/>
  <xs:element name="PropertyPlantAndEquipmentDisclosureTextBlockAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_PropertyPlantAndEquipmentDisclosureTextBlockAbstract"/>
  <xs:element name="EquityMethodInvestmentsDisclosureTextBlockAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_EquityMethodInvestmentsDisclosureTextBlockAbstract"/>
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  <xs:element name="TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesTextBlockAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesTextBlockAbstract"/>
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  <xs:element name="SecuredDebtOtherTextBlockAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_SecuredDebtOtherTextBlockAbstract"/>
  <xs:element name="SecuredDebtOtherTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_SecuredDebtOtherTextBlock"/>
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  <xs:element name="UnsecuredDebttextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_UnsecuredDebttextBlock"/>
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  <xs:element name="StockholdersEquityNoteDisclosureTextBlockAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_StockholdersEquityNoteDisclosureTextBlockAbstract"/>
  <xs:element name="DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlockAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlockAbstract"/>
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  <xs:element name="DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlockAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlockAbstract"/>
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  <xs:element name="CompensationAndEmployeeBenefitPlansTextBlockAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_CompensationAndEmployeeBenefitPlansTextBlockAbstract"/>
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  <xs:element name="LittonLoanServicingLPMember" type="nonnum:domainItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ocn_LittonLoanServicingLPMember"/>
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</xs:schema>
</XBRL>
