OCWEN ASSET INVESTMENT CORP
8-K, 2000-11-14
REAL ESTATE INVESTMENT TRUSTS
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                                  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): November 14, 2000

                          OCWEN ASSET INVESTMENT CORP.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


             Florida                      1-14043                65-078313
   ----------------------------         -----------         -------------------
   (State or other jurisdiction         (Commission          (I.R.S. Employer
         of incorporation)              File Number)        Identification No.)


    1675 Palm Beach Lakes Boulevard, West Palm Beach, Florida      33401
    ---------------------------------------------------------    ----------
            (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)


                                   Page 1 of 5
                             Exhibit Index on Page 4

<PAGE>

ITEM 5.       OTHER EVENTS

The news release of the  Registrant  dated  November 14,  2000,  announcing  its
tender offer and consent  solicitation for its 11 1/2% Redeemable Notes due 2005
is attached hereto and filed herewith as Exhibit 99.1.

ITEM 7.       FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION 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
                       November 14, 2000.

                                       2
<PAGE>

                                   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 ASSET INVESTMENT CORP.
                                     (Registrant)


                                     By: /s/ MARK S. ZEIDMAN
                                         -----------------------------------
                                         Mark S. Zeidman
                                         Senior Vice President and
                                          Chief Financial Officer

Date:    November 14, 2000

                                       3
<PAGE>

INDEX TO EXHIBIT

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

     99.1          News release of Ocwen Asset Investment Corp.            5
                   dated November 14, 2000, announcing tender
                   offer and consent solicitation for its 11 1/2%
                   Redeemable Notes due 2005.

                                        4


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