Wednesday, August 10, 2016

Ocwen rising: S&P upgrades nonbank's servicer rankings

Last month, HousingWire pondered if there was a light at the end of the tunnel for Ocwen Financial after the nonbank posted another loss in the second quarter, with company executives stating a belief that the nonbank can return to profitability as it puts “legacy” issues behind it. Now, Ocwen is putting one of those issues in the rear view mirror, as Standard & Poor’s is upgrading the nonbank’s servicer rankings. http://www.housingwire.com/articles/37754-ocwen-rising-sp-upgrades-nonbanks-servicer-rankings ❤️ #share #mortgage



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