...OVERVIEW + We affirmed our AVERAGE rankings on Ocwen Loan Servicing LLC as a residential mortgage primary, subprime, special, and subordinate-lien servicer. + Our affirmed rankings reflect a stabilized internal control environment that continues to develop, experienced management and staff, manageable turnover rates with exceptions of elevated turnover in certain areas, and generally competitive operational servicing metrics. + Our rankings also reflect new regulatory issues reported in April 2017 from the Multi-state Mortgage Committee (MMC) (a committee of 30 states and the District of Columbia's mortgage regulators), allegations from the Consumer Financial Protection Bureau (CFPB) and the Florida state attorney general (AG), and ongoing issues with the Massachusetts state AG. + The company also continues to experience ongoing regulatory activities as part of the state of New York's March 2017 consent order, reached a settlement with the state of California, concluded the National Mortgage...
