NEW YORK (Standard&Poor's) March 9, 2011--Standard&Poor's Ratings Services today placed its STRONG residential subprime and special servicer rankings and its ABOVE AVERAGE subordinate-lien servicer ranking on Ocwen Loan Servicing LLC on CreditWatch with negative implications. The CreditWatch placements follow a disclosure by Ocwen that the Federal Trade Commission (FTC) is conducting an investigation into the company's servicing operations. We will monitor the progress and ultimate resolution of the FTC's investigation and take any ranking action we determine appropriate after the reviews conclude. RELATED CRITERIA AND RESEARCH Revised Criteria For Including RMBS, CMBS, And ABS Servicers On Standard&Poor's Select Servicer List, published April 16, 2009. Servicer Evaluation Ranking Criteria: U.S., published Sept. 21, 2004. Select
