NEW YORK (Standard&Poor's) Feb. 12, 2009--Standard&Poor's Ratings Services today affirmed its STRONG rankings on Ocwen Loan Servicing LLC, a wholly owned subsidiary of Ocwen Financial Corp., as a residential subprime loan servicer and a residential special servicer. Concurrently, we affirmed our ABOVE AVERAGE ranking on Ocwen for residential subordinate-lien servicing. In addition, we removed all three rankings from CreditWatch with negative implications and assigned them a stable outlook. The rankings reflect the company's seasoned management team, along with its thorough training programs and employee development curriculum. In addition, Ocwen's superior technology environment and comprehensive audit, quality control, and risk assessment methodologies contribute to a highly structured and risk-averse loan servicing environment. Ocwen continues to invest in
