Attached files
| file | filename |
|---|---|
| 10-K - OCWEN FINANCIAL CORP | ocn_10k.htm |
| EX-3.2 - OCWEN FINANCIAL CORP | ex3_2.htm |
| EX-3.3 - OCWEN FINANCIAL CORP | ex3_3.htm |
| EX-32.2 - EXHIBIT 32.2 - OCWEN FINANCIAL CORP | ex32_2.htm |
| EX-32.1 - EXHIBIT 32.1 - OCWEN FINANCIAL CORP | ex32_1.htm |
| EX-31.1 - EXHIBIT 31.1 - OCWEN FINANCIAL CORP | ex31_1.htm |
| EX-21.0 - EXHIBIT 21.0 - OCWEN FINANCIAL CORP | ex21_0.htm |
| EX-31.2 - EXHIBIT 31.2 - OCWEN FINANCIAL CORP | ex31_2.htm |
| EX-23.1 - EXHIBIT 23.1 - OCWEN FINANCIAL CORP | ex23_1.htm |
| EX-23.2 - EXHIBIT 23.2 - OCWEN FINANCIAL CORP | ex23_2.htm |
Exhibit 12.1
OCWEN FINANCIAL CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
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2010
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2009
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2008
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2007
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2006
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Earnings:
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Income (loss) from continuing operations before income taxes (1)
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$ | 37,783 | $ | 96,194 | $ | 44,093 | $ | 49,891 | $ | 77,951 | ||||||||||
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Add:
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Interest expensed and capitalized, except interest on deposits, and amortization of capitalized debt expenses
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85,011 | 62,541 | 86,141 | 75,890 | 56,318 | |||||||||||||||
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Interest on deposits
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908 | 572 | 654 | 917 | 948 | |||||||||||||||
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Interest component of rental expense
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4,101 | 2,100 | 2,650 | 2,217 | 1,513 | |||||||||||||||
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Total fixed charges (2)
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90,020 | 65,213 | 89,445 | 79,024 | 58,779 | |||||||||||||||
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Earnings (losses) for computation purposes
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$ | 127,803 | $ | 161,407 | $ | 133,538 | $ | 128,915 | $ | 136,730 | ||||||||||
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Ratio of earnings to fixed charges:
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Including interest on deposits (3)
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1.42 | 2.48 | 1.49 | 1.63 | 2.33 | |||||||||||||||
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Excluding interest on deposits (3)
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1.42 | 2.49 | 1.50 | 1.64 | 2.35 | |||||||||||||||
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(1)
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Excludes income or loss from equity investees but includes any distributions received representing a return on capital
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(2)
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Fixed charges represent total interest expensed and capitalized, including and excluding interest on deposits, amortization of capitalized debt expenses as well as the interest component of rental expense.
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(3)
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The ratios of earnings to fixed charges were computed by dividing (x) income from continuing operations before income taxes plus fixed charges by (y) fixed charges.
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