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