CONSENT JUDGMENT

WHEREAS, Plaintiffs, the Consumer Financial Protection Bureau (the “CFPB” or
“Bureau”), and the States of Alabama, Alaska, Arizona, Arkansas, California, Colorado,
Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas,
Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska,
Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota,
Ohio, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont,
Washington, West Virginia, Wisconsin, Wyoming, the Commonwealths of Kentucky,
Massachusetts, Pennsylvania and Virginia, and the District of Columbia (collectively, “Plaintiff
States”) filed their complaint on December 19, 2013, alleging that Ocwen Financial Corporation
and Ocwen Loan Servicing, LLC (collectively, “Defendant” or “Ocwen”) violated, among other
laws, the Unfair and Deceptive Acts and Practices laws of the Plaintiff States and the Consumer
Financial Protection Act of 2010.

WHEREAS, the parties have agreed to resolve their claims without the need for
litigation;

WHEREAS, Defendant has consented to entry of this Consent Judgment without trial or
adjudication of any issue of fact or law and to waive any appeal if the Consent Judgment is
entered as submitted by the parties;

WHEREAS, Defendant, by entering into this Consent Judgment, does not admit the
allegations of the Complaint other than those facts deemed necessary to the jurisdiction of this
Court;

WHEREAS, the intention of the Consumer Financial Protection Bureau and the States in
effecting this settlement is to remediate harms allegedly resulting from the alleged unlawful
conduct of the Defendant;

WHEREAS, the State Mortgage Regulators are entering into a Settlement Agreement and
Consent Order with Ocwen to resolve the findings identified in the course of multi-state and
concurrent independent examinations of Ocwen, as well as examinations of Litton Loan
Servicing, LP and Homeward Residential, Inc., which were subsequently acquired by Ocwen.

AND WHEREAS, Defendant has agreed to waive service of the complaint and summons
and hereby acknowledges the same;

NOW THEREFORE, without trial or adjudication of issue of fact or law, without this
Consent Judgment constituting evidence against Defendant, and upon consent of Defendant, the
Court finds that there is good and sufficient cause to enter this Consent Judgment, and that it is
therefore ORDERED, ADJUDGED, AND DECREED:

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