Experienced and tenured management and staff with low turnover; Solid default management and servicer oversight practices; Stable internal control environment with no external audit findings or material internal audit findings; Portfolio runoff, with limited new business opportunities in the marketplace, reflecting the limited securitization market and several master servicers competing for those transactions; and Regulatory issues experienced by Ocwen's primary servicer operations and the uncertain financial or operational effects those issues could pose for the master operations. S&P Global Ratings' overall ranking on Ocwen Loan Servicing LLC (Ocwen) is AVERAGE as residential master servicer. Our management and organization subranking is AVERAGE, and our loan administration subranking is ABOVE AVERAGE. On Feb. 26, 2018, we affirmed the rankings (please see "Ocwen
