Bulletin: Ocwen Financial Corp. Looks To Grow With PHH Corp. Acquisition, Though Servicing Operational Risks Remain

NEW YORK (S&P Global Ratings) Oct. 5, 2018--S&P Global Ratings said today that it is monitoring developments associated with the recent acquisition of PHH Corp. by Ocwen Financial Corp.--Ocwen Loan Servicing LLC's (OLS') parent company. We are also aware of the additional stipulations placed on OLS, which were disclosed in its Sept. 28, 2018, Form 8-K filing, by the New York Department of Financial Services (NY DFS) to secure its approval of the acquisition. We will continue to monitor the progress of the merging of operations among the companies and the NY DFS' additional stipulations.

...NEW YORK (S&P Global Ratings) Oct. 5, 2018--S&P Global Ratings said today that it is monitoring developments associated with the recent acquisition of PHH Corp. by Ocwen Financial Corp.--Ocwen Loan Servicing LLC's (OLS') parent company. We are also aware of the additional stipulations placed on OLS, which were disclosed in its Sept. 28, 2018, Form 8-K filing, by the New York Department of Financial Services (NY DFS) to secure its approval of the acquisition. We will continue to monitor the progress of the merging of operations among the companies and the NY DFS' additional stipulations. This report does not constitute a rating action....

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