Filing Details

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* OCWEN FINANCIAL CORPORATION (Name of Issuer) COMMON STOCK PAR VALUE $0.001 PER SHARE (Title of Class of Securities) 675746-60-6 (CUSIP Number) HOWARD AMSTER 7681 OLYMPIA DRIVE WEST PALM BEACH, FL 33411-5785 (216)595-1047 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 17, 2023 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240.13d-7 for other parties to whom copies are to be sent. 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 d isclosures provided in a prior cover page. The information required on 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). 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) HOWARD AMSTER 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3. SEC USE ONLY 4. SOURCE OF FUNDS (see instructions) PF 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6. CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 282,920 8. SHARED VOTING POWER 333,786* 9. SOLE DISPOSITIVE POWER 282,920 10. SHARED DISPOSITIVE POWER 333,786* 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 616,706 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.12%** 14. TYPE OF REPORTING PERSON (see instructions) IN *These shares are deemed to be beneficially owned by Mr. Amster in his capacity as (i) the majority owner of Ramat Securities Ltd., a joint filer; (ii) the general partner of Amster Limited Partnership, a joint filer; (iii) President of Pleasant Lake Apartments Corp., the General Partner of Pleasant Lake Apts. Limited Partnership, a joint filer, which is, in turn, the manager of Pleasant Lake Skoien Investments, LLC and Laughlin Holdings LLC, also joint filers; and (iv) trustee of those trusts jointly filing herewith. **Denominator is based on the 7,590,348 shares of stock outstanding as of October 31, 2022 as reported by the Issuer on Form 10-Q for the quarterly period ending September 30, 2022, as filed with the Securities and Exchange Commission on November 3, 2022. 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) PLEASANT LAKE SKOIEN INVESTMENTS LLC 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3. SEC USE ONLY 4. SOURCE OF FUNDS (see instructions) WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 8,818 8. SHARED VOTING POWER 607,888* 9. SOLE DISPOSITIVE POWER 8,818 10. SHARED DISPOSITIVE POWER 607,888* 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 616,706 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.12%** 14. TYPE OF REPORTING PERSON (see instructions) PN * See the footnote marked with a * to the cover page for Howard Amster. ** See the footnote marked with a ** to the cover page for Howard Amster. 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) PLEASANT LAKE APTS. LIMITED PARTNERSHIP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3. SEC USE ONLY 4. SOURCE OF FUNDS (see instructions) WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6. CITIZENSHIP OR PLACE OF ORGANIZATION OHIO NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 31,700 8. SHARED VOTING POWER 585,006* 9. SOLE DISPOSITIVE POWER 31,700 10. SHARED DISPOSITIVE POWER 585,006* 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 616,706 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.12%** 14. TYPE OF REPORTING PERSON (see instructions) PN *See the footnote marked with a * to the cover page for Howard Amster. ** See the footnote marked with a ** to the cover page for Howard Amster. 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) HOWARD AMSTER 2019 CHARITABLE REMAINDER UNTIRUST #1 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3. SEC USE ONLY 4. SOURCE OF FUNDS (see instructions) WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6. CITIZENSHIP OR PLACE OF ORGANIZATION OHIO NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 1,692 8. SHARED VOTING POWER 615,014* 9. SOLE DISPOSITIVE POWER 1,692 10. SHARED DISPOSITIVE POWER 615,014* 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 616,706 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.12%** 14. TYPE OF REPORTING PERSON (see instructions) OO *See the footnote marked with a * to the cover page for Howard Amster. ** See the footnote marked with a ** to the cover page for Howard Amster. 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #2 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3. SEC USE ONLY 4. SOURCE OF FUNDS (see instructions) WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6. CITIZENSHIP OR PLACE OF ORGANIZATION OHIO NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 439 8. SHARED VOTING POWER 616,267* 9. SOLE DISPOSITIVE POWER 439 10. SHARED DISPOSITIVE POWER 616,267* 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 616,706 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.12%** 14. TYPE OF REPORTING PERSON (see instructions) OO * See the footnote marked with a * to the cover page for Howard Amster. ** See the footnote marked with a ** to the cover page for Howard Amster. 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #5 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3. SEC USE ONLY 4. SOURCE OF FUNDS (see instructions) WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6. CITIZENSHIP OR PLACE OF ORGANIZATION OHIO NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 5,635 8. SHARED VOTING POWER 611,071* 9. SOLE DISPOSITIVE POWER 5,635 10. SHARED DISPOSITIVE POWER 611,071* 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 616,706 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.12%** 14. TYPE OF REPORTING PERSON (see instructions) OO * See the footnote marked with a * to the cover page for Howard Amster. ** See the footnote marked with a ** to the cover page for Howard Amster. 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) AMSTER LIMITED PARTNERSHIP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3. SEC USE ONLY 4. SOURCE OF FUNDS (see instructions) WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6. CITIZENSHIP OR PLACE OF ORGANIZATION OHIO NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 13,650 8. SHARED VOTING POWER 603,056* 9. SOLE DISPOSITIVE POWER 13,650 10. SHARED DISPOSITIVE POWER 603,056* 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 616,706 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.12%** 14. TYPE OF REPORTING PERSON (see instructions) PN * See the footnote marked with a * to the cover page for Howard Amster. ** See the footnote marked with a ** to the cover page for Howard Amster. 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) LAUGHLIN HOLDINGS LLC 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3. SEC USE ONLY 4. SOURCE OF FUNDS (see instructions) WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 38,377 8. SHARED VOTING POWER 578,329* 9. SOLE DISPOSITIVE POWER 38,377 10. SHARED DISPOSITIVE POWER 578,329* 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 616,706 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.12%** 14. TYPE OF REPORTING PERSON (see instructions) PN * See the footnote marked with a * to the cover page for Howard Amster. ** See the footnote marked with a ** to the cover page for Howard Amster. 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) RAMAT SECURITIES LTD 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3. SEC USE ONLY 4. SOURCE OF FUNDS (see instructions) WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6. CITIZENSHIP OR PLACE OF ORGANIZATION OHIO NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 199,007 8. SHARED VOTING POWER 417,699* 9. SOLE DISPOSITIVE POWER 199,007 10. SHARED DISPOSITIVE POWER 417,699* 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 616,706 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.12%** 14. TYPE OF REPORTING PERSON (see instructions) PN * See the footnote marked with a * to the cover page for Howard Amster. ** See the footnote marked with a ** to the cover page for Howard Amster. 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) PLEASANT LAKE APARTMENTS CORP. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3. SEC USE ONLY 4. SOURCE OF FUNDS (see instructions) WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6. CITIZENSHIP OR PLACE OF ORGANIZATION OHIO NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 157 8. SHARED VOTING POWER 616,549* 9. SOLE DISPOSITIVE POWER 157 10. SHARED DISPOSITIVE POWER 616,549* 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 616,706 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.12%** 14. TYPE OF REPORTING PERSON (see instructions) CO * See the footnote marked with a * to the cover page for Howard Amster ** See the footnote marked with a ** to the cover page for Howard Amster. 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) HOWARD AMSTER 2021 CHARITABLE REMAINDER UNITRUST #3 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3. SEC USE ONLY 4. SOURCE OF FUNDS (see instructions) WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6. CITIZENSHIP OR PLACE OF ORGANIZATION OHIO NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 34,262 8. SHARED VOTING POWER 582,444* 9. SOLE DISPOSITIVE POWER 34,262 10. SHARED DISPOSITIVE POWER 582,444* 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 616,706 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.12%** 14. TYPE OF REPORTING PERSON (see instructions) OO * See the footnote marked with a * to the cover page for Howard Amster. ** See the footnote marked with a ** to the cover page for Howard Amster. 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) HOWARD AMSTER CHARITABLE REMAINDER UNITRUST U/A DTD 04/22/1998 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3. SEC USE ONLY 4. SOURCE OF FUNDS (see instructions) WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6. CITIZENSHIP OR PLACE OF ORGANIZATION OHIO NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 49 8. SHARED VOTING POWER 616,657* 9. SOLE DISPOSITIVE POWER 49 10. SHARED DISPOSITIVE POWER 616,657* 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 616,706 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.12%** 14. TYPE OF REPORTING PERSON (see instructions) OO * See the footnote marked with a * to the cover page for Howard Amster. ** See the footnote marked with a ** to the cover page for Howard Amster. This Amendment No. 1 to Schedule 13D (this Amendment No. 1) amends the Reporting Persons initial Schedule 13D filed on September 23, 2022 (the Initial 13D), with respect to the common stock, par value $0.01 per share (the Common Stock) of Ocwen Financial Corporation, a Florida corporation (the Issuer). Except as specifically amended by this Amendment No. 1 and noted in the paragraph below, the Initial 13D is unchanged. Unless otherwise indicated, each capitalized item used but not specifically defined herein shall have the meaning ascribed to such item in the Initial 13D. The Howard Amster 2019 Charitable Remainder Unitrust 3, The Howard Amster 2019 Charitable Remainder Unitrust #4, The Howard Amster 2019 Charitable Remainder Unitrust #7, The Howard Amster 2021 Charitable Remainder Unitrust 1, The Amster Trading Company 2003 Charitable Remainder Unitrust (collectively, the Non-Filing Trusts) and Amster Trading Company no longer beneficially own any of the shares of the Issuers Common Stock, and accordingly, are no longer being included as reporting persons. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. HOWARD AMSTER /s/ Howard Amster Date: January 24, 2023 HOWARD AMSTER 2019 Charitable Remainder Unitrust #1 By: /s/ Howard Amster Name: Howard Amster Title: Trustee Date: January 24, 2023 HOWARD AMSTER 2019 Charitable Remainder Unitrust #2 By: /s/ Howard Amster Name: Howard Amster Title: Trustee Date: January 24, 2023 HOWARD AMSTER 2019 Charitable Remainder Unitrust #5 By: /s/ Howard Amster Name: Howard Amster Title: Trustee Date: January 24, 2023 HOWARD AMSTER 2021 Charitable Remainder Unitrust #3 By: /s/ Howard Amster Name: Howard Amster Title: Trustee Date: January 24, 2023 HOWARD AMSTER Charitable Remainder Unitrust U/A DTD 04/22/1998 By: /s/ Howard Amster Name: Howard Amster Title: Trustee Date: January 24, 2023 AMSTER LIMITED PARTNERSHIP LP By: /s/ Howard Amster Name: Howard Amster Title: General Partner Date: January 24, 2023 LAUGHLIN HOLDING, LLC By: /s/ Howard Amster Name: Howard Amster Title: President, Pleasant Lake Apts. Corp., General Partner of Pleasant Lake Apartments LP, Manager of Laughlin Holdings, LLC Date: January 24, 2023 PLEASANT LAKE APARTMENTS LP By: /s/ Howard Amster Name: Howard Amster Title: President of Pleasant Lake Apts. Corp., General Partner Date: January 24, 2023 RAMAT SECURITIES, LTD By: /s/ Howard Amster Name: Howard Amster Title: Majority Owner Date: January 24, 2023 PLEASANT LAKE SKOIEN INVESTMENTS LLC By: /s/ Howard Amster Name: Howard Amster Title: President of Pleasant Lake Apts. Corp, General Partner of Pleasant Lake Apartments LP, Manager of Pleasant Lake Skoien Investments LLC Date: January 24, 2023 PLEASANT LAKE APARTMENTS CORP. By: /s/ Howard Amster Name: Howard Amster Title: President Date: January 24, 2023