Filing Details
- Accession Number:
- 0001172661-24-001451
- Form Type:
- 13G Filing
- Publication Date:
- 2024-02-13 19:00:00
- Filed By:
- Deer Park Road Management Company, Lp
- Company:
- Onity Group Inc. (NYSE:ONIT)
- Filing Date:
- 2024-02-14
- SEC Url:
- 13G Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Deer Park Road Management Company | 0 | 577,921 | 0 | 577,921 | 577,921 | 7.53 12 TYPE OF REPORTING PERSON IA, PN CUSIP No. 675746606 SCHEDULE 13G A Page 3 of 15 Pages 1 NAME OF REPORTING PERSONS Deer Park Road Management GP, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 577,921 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 577,921 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 577,921 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.53 12 TYPE OF REPORTING PERSON OO, HC CUSIP No. 675746606 SCHEDULE 13G A Page 4 of 15 Pages 1 NAME OF REPORTING PERSONS Deer Park Road Corporation 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 577,921 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 577,921 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 577,921 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.53 12 TYPE OF REPORTING PERSON CO, HC CUSIP No. 675746606 SCHEDULE 13G A Page 5 of 15 Pages 1 NAME OF REPORTING PERSONS Michael Craig-Scheckman 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 577,921 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 577,921 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 577,921 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.53 12 TYPE OF REPORTING PERSON IN, HC CUSIP No. 675746606 SCHEDULE 13G A Page 6 of 15 Pages 1 NAME OF REPORTING PERSONS Agatecreek LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Colorado NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 577,921 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 577,921 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 577,921 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.53 12 TYPE OF REPORTING PERSON OO, HC CUSIP No. 675746606 SCHEDULE 13G A Page 7 of 15 Pages 1 NAME OF REPORTING PERSONS Scott Edward Burg 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 577,921 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 577,921 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 577,921 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.53 12 TYPE OF REPORTING PERSON IN, HC CUSIP No. 675746606 SCHEDULE 13G A Page 8 of 15 Pages Item 1. (a) Name of Issuer OCWEN FINANCIAL CORPORATION Item 1. (b) Address of Issuer s Principal Executive Offices 1661 Worthington Road, Suite 100 West Palm Beach, Florida 33409 Item 2. (a) Name of Person Filing This State is filed on behalf of each of the following persons (collectively, the Reporting Persons ) i) Deer Park Road Management Company, LP ( Deer Park ) ii) Deer Park Road Management GP, LLC ( DPRM ) ii) Deer Park Road Corporation ( DPRC ) iv) Michael Craig-Scheckman ( Mr. Craig-Scheckman ) v) AgateCreek LLC ( AgateCreek ) and vi) Scott Edward Burg ( Mr. Burg ). This Statement relates to Shares (as defined herein) held for the account of STS Master Fund, Ltd. (the STS Master Fund ), which is an exempted company organized under the laws of the Cayman Islands. Deer Park serves as investment adviser to the STS Master Fund and, in such capacity, exercises voting and investment power over the Shares held in the account for the STS Master Fund. DPRM is the general partner of Deer Park. Each of DPRC and AgateCreek is a member of DPRM. Mr. Craig-Scheckman is the Chief Executive Officer of each of Deer Park and DPRC and the majority owner of DPRC. Mr. Burg is the Chief Investment Officer of Deer Park and the sole member of AgateCreek. Item 2. (b) Address of Principal Business Office or, if None, Residence The address of the principal business office of each of the Reporting Persons is 1195 Bangtail Way, Steamboat Springs, Colorado 80487. Item 2. (a, b, c) Names of Person Filing, Address of Principal Business Office, Citizenship i) Deer Park is a limited partnership organized in Delaware ii) DPRM is a limited liability company organized in Delaware iii) DPRC is a Delaware corporation iv) Mr. Craig-Scheckman is a citizen of the United States of America v) AgateCreek is a limited liability company organized in Colorado and vi) Mr. Burg is a citizen of the United States of America. Item 2. (d) Title of Class of Securities Common Stock, par value 0.01 per share (the Shares ) Item 2. (e) CUSIP No. 675746606 CUSIP No. 675746606 SCHEDULE 13G A Page 9 of 15 Pages Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o) (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c) (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c) (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8) (e) x An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E) (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F) (g) x A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G) (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813) (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3) (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J) (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution CUSIP No. 675746606 SCHEDULE 13G A Page 10 of 15 Pages Item 4. Ownership As of December 31, 2023, each of the Reporting Persons may be deemed the beneficial owners of 577,921 Shares held for the account of the STS Master Fund. As of December 31, 2023, each of the Reporting Persons may be deemed the beneficial owner of approximately 7.53% |
| Deer Park Road Management GP | 0 | 577,921 | 0 | 577,921 | 577,921 | |
| Deer Park Road Corporation | 0 | 577,921 | 0 | 577,921 | 577,921 | |
| Michael Craig-Scheckman | 0 | 577,921 | 0 | 577,921 | 577,921 | |
| Agatecreek | 0 | 577,921 | 0 | 577,921 | 577,921 | |
| Scott Edward Burg | 0 | 577,921 | 0 | 577,921 | 577,921 |
Filing
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, DC 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
OCWEN FINANCIAL CORPORATION
| (Name of Issuer) |
|
Common Stock, par value $0.01 per share |
| (Title of Class of Securities) |
675746606 |
| (CUSIP Number) |
|
|
| December 31, 2023 |
| (Date of Event Which Requires Filing of this Statement) |
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
x Rule 13d-1(b)
o Rule 13d-1(c)
o Rule 13d-1(d)
*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).