...(Editor's Note: This article, originally published Sept. 29, 2015, was republished on Feb. 29, 2016, to correct the description of the error.) NEW YORK (Standard & Poor's) Sept. 29, 2015--Standard & Poor's Ratings Services today corrected its residential mortgage master servicer ranking on Ocwen Loan Servicing LLC (OLS) and its management and organization subranking by lowering them both to BELOW AVERAGE from ABOVE AVERAGE. We incorrectly did not include this ranking and subranking as part of our June 18, 2015, ranking actions, in which we lowered our prime, subprime, special, and subordinate-lien OLS residential servicer rankings and their management and organization subrankings to BELOW AVERAGE. (see "Ocwen Loan Servicing LLC Residential Servicer Rankings Lowered To BELOW AVERAGE; Outlook Stable). As part of today's ranking action, we also affirmed our loan administration subranking as ABOVE AVERAGE and revised the outlook on the ranking to stable from developing. The June 18th ranking...
