Ocwen Downgraded in Response to NY Dept of Financial Services Backdating Allegations Against Ocwen

Ocwen Downgrade Puts RMBS at Risk

Moody’s and S&P downgraded Ocwen’s servicer quality rating last week after the New York Department of Financial Services made “backdating” allegations. Barclays says the downgrades could put some RMBS at risk of a servicer-driven default.

Go here for the full article by Nora Colomer

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2 thoughts on “Ocwen Downgraded in Response to NY Dept of Financial Services Backdating Allegations Against Ocwen

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