UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                           ___________________________

                       Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934


                                 Date of report
               (Date of earliest event reported): October 26, 2006


                           OCWEN FINANCIAL CORPORATION
             (Exact name of registrant as specified in its charter)



          Florida                      1-13219                 65-0039856
(State or other jurisdiction         (Commission            (I.R.S. Employer
       of incorporation)             File Number)          Identification No.)



                 1661 Worthington Road
                        Suite 100
                West Palm Beach, Florida                           33409
         (Address of principal executive office)                 (Zip Code)


       Registrant's telephone number, including area code: (561) 682-8000


                                       N/A
          (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

                                   Page 1 of 9
                             Exhibit Index on Page 4


Item 2.02         Results of Operations and Financial Condition

                  The news release of the Registrant dated October 26, 2006,
                  announcing its third quarter 2006 results is attached hereto
                  as Exhibit 99.1. The information in Exhibit 99.1 attached
                  hereto shall not be deemed to be "filed" for purposes of
                  Section 18 of the Securities Exchange Act of 1934, nor shall
                  it be deemed incorporated by reference in any filing under the
                  Securities Act of 1933, except as shall be expressly set forth
                  by specific reference in such filing.


Item 9.01         Financial Statements and Exhibits

(a) - (b)         Not applicable.

(c)               Exhibits

                  The following exhibits are filed as part of this report:

                  99.1     Text of a press release by the Registrant dated
                           October 26, 2006.



                                  Page 2 of 9


                                   SIGNATURES


         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned, hereunto duly authorized.



                                       OCWEN FINANCIAL CORPORATION
                                       (Registrant)


                                       By: /s/ DAVID J. GUNTER
                                           -------------------------------------
                                           David J. Gunter
                                           Senior Vice President and
                                           Chief Financial Officer



Date:    November 8, 2006


                                  Page 3 of 9


INDEX TO EXHIBIT

Exhibit No.    Description                                                Page
-----------    -----------                                                ----

   99.1        News release of Ocwen Financial Corporation, dated          5
               October 26, 2006, announcing its third quarter 2006
               results and certain other information.


                                  Page 4 of 9