...OVERVIEW + We affirmed our AVERAGE ranking on Ocwen Loan Servicing LLC as a residential mortgage master servicer. + The outlook is stable. NEW YORK (S&P Global Ratings) Feb. 26, 2018--S&P Global Ratings today affirmed its overall AVERAGE ranking on Ocwen Loan Servicing LLC (Ocwen) as a residential mortgage master servicer. Our management and organization subranking is AVERAGE, and our loan administration subranking is ABOVE AVERAGE. We also revised our outlook to stable from positive. The ranking reflects experienced and tenured management and staff with low turnover, solid default management and servicer oversight practices, a stable internal control environment with no external audit findings or material internal audit findings, and continued year-over-year portfolio runoff. Our opinion also reflects new and existing regulatory issues involving Ocwen's primary servicing operations. While those issues do not directly relate to the master operations, they could have financial or operational...
