...OVERVIEW + We affirmed our AVERAGE rankings on Ocwen Loan Servicing LLC as a small-balance commercial servicer and special servicer. + Our affirmed rankings reflect a stabilized internal control environment that continues to develop, experienced management and staff (albeit with a recent history of elevated turnover), and demonstrated expertise in small-balance commercial loan servicing. + Our rankings also reflect new regulatory issues reported in residential servicing 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 Settlement...
