Ocwen Loan Servicing Outlook Revised To Stable; Residential Servicer Rankings Affirmed - S&P Global Ratings’ Credit Research

Ocwen Loan Servicing Outlook Revised To Stable; Residential Servicer Rankings Affirmed

Ocwen Loan Servicing Outlook Revised To Stable; Residential Servicer Rankings Affirmed - S&P Global Ratings’ Credit Research
Ocwen Loan Servicing Outlook Revised To Stable; Residential Servicer Rankings Affirmed
Published Oct 02, 2012
1982 words — Published Oct 02, 2012
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Abstract:

OVERVIEW We revised our outlook on Ocwen Loan Servicing LLC to stable as a residential mortgage subprime, special, and subordinate-lien servicer and affirmed our ABOVE AVERAGE rankings on the company in these categories. The ranking actions and outlook revision reflect an improved turnover rate and the company's ability to integrate several large portfolio acquisitions without notable difficulty. The affirmations reflect management's ongoing efforts to implement operational enhancements to improve the company's servicing capabilities. We lowered the loan administration subrankings to ABOVE AVERAGE from STRONG for subprime and special servicing based on concerns we have with tenure, turnover, and other issues. NEW YORK (Standard&Poor's) Oct. 2, 2012--Standard&Poor's Ratings Services today revised its outlook on Ocwen Loan Servicing

  
Brief Excerpt:

RESEARCH Ocwen Loan Servicing Outlook Revised To Stable; Residential Servicer Rankings Affirmed Publication date: 02-Oct-2012 Servicer Analyst: Steven L Frie, New York (1) 212-438-2458; steven_frie@standardandpoors.com Secondary Contact:...

  
Report Type:

Ratings Action

Issuer
GICS
Thrifts & Mortgage Finance (40102010)
Sector
Global Issuers, Structured Finance
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Ocwen Loan Servicing Outlook Revised To Stable; Residential Servicer Rankings Affirmed" Oct 02, 2012. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ocwen-Loan-Servicing-Outlook-Revised-To-Stable-Residential-Servicer-Rankings-Affirmed-1018706>
  
APA:
S&P Global Ratings’ Credit Research. (). Ocwen Loan Servicing Outlook Revised To Stable; Residential Servicer Rankings Affirmed Oct 02, 2012. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ocwen-Loan-Servicing-Outlook-Revised-To-Stable-Residential-Servicer-Rankings-Affirmed-1018706>
  
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