...OVERVIEW + We raised our overall ranking on Ocwen Loan Servicing LLC to AVERAGE from BELOW AVERAGE as a residential master servicer. The outlook for the ranking is positive. + The ranking reflects the improvements in the internal audit department of the primary servicer that is responsible for some oversight responsibilities of the master servicer. + The ranking also reflects the new organizational reporting of the master servicing operations to the chief investment officer from the chief servicing officer of the primary servicer operations for further independence. NEW YORK (S&P Global Ratings) Aug. 9, 2016--S&P Global Ratings today raised its overall ranking on Ocwen Loan Servicing LLC (Ocwen) to AVERAGE from BELOW AVERAGE as a residential master servicer. As part of the ranking actions, we raised our management and organization subranking to AVERAGE from BELOW AVERAGE, and we affirmed our ABOVE AVERAGE loan administration subranking. The outlook for the ranking is positive....
