Ocwen Loan Servicing LLC AVERAGE Small Balance Commercial, ABOVE AVERAGE Small Balance Rankings Affirmed; Outlook Stable

OVERVIEW We affirmed our AVERAGE rankings on Ocwen Loan Servicing LLC as a small balance commercial mortgage and ABOVE AVERAGE small balance commercial special servicer. The rankings reflect our opinion of Ocwen's experienced management team, established and solid internal controls, and demonstrated expertise in default and asset management. Ocwen continues to augment its servicing operations through initiatives that promote technology improvements, hiring practices, telephony administration, and Web site enhancements. NEW YORK (Standard&Poor's) July 2, 2013--Standard&Poor's Ratings Services today affirmed its AVERAGE ranking on Ocwen Loan Servicing LLC as a small balance commercial mortgage servicer, and ABOVE AVERAGE as a small balance special servicer. The outlook for both rankings is stable. KEY RANKING FACTORS Strengths: Ocwen is

...OVERVIEW + We affirmed our AVERAGE rankings on Ocwen Loan Servicing LLC as a small balance commercial mortgage and ABOVE AVERAGE small balance commercial special servicer. + The rankings reflect our opinion of Ocwen's experienced management team, established and solid internal controls, and demonstrated expertise in default and asset management. + Ocwen continues to augment its servicing operations through initiatives that promote technology improvements, hiring practices, telephony administration, and Web site enhancements. NEW YORK (Standard & Poor's) July 2, 2013--Standard & Poor's Ratings Services today affirmed its AVERAGE ranking on Ocwen Loan Servicing LLC as a small balance commercial mortgage servicer, and ABOVE AVERAGE as a small balance special servicer. The outlook for both rankings is stable. KEY RANKING FACTORS Strengths: + Ocwen is an experienced small balance commercial mortgage and small balance special servicer for a variety of investors. + It has demonstrated expertise...

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