Ocwen Servicer Rating Affirmed

Moody's has affirmed Ocwen Loan Servicing's "SQ2-" rating as a primary servicer of subprime residential mortgage loans and its "SQ2" rating as a special servicer.

Moody's said the servicer quality ratings reflect Ocwen's average foreclosure and RE timeline management and "below average" servicer stability. Ocwen is a third-party servicer specializing in subprime and seriously delinquent loans. The company has servicing centers in West Palm Beach, Fla.; Orlando, Fla.; Bangalore, India; and Mumbai, India. (c) 2006 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com http://www.sourcemedia.com

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