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Ocwen's servicing still under review at Moody's

  • "In 2013, Ocwen (OCN -2.1%) added almost 2.8 million loans to its servicing portfolio," says Moody's Gene Berman. "It could be a challenge for Ocwen to maintain servicing quality as it scales its operations so quickly." The ratings agency - for now - says Ocwen's servicer quality metrics have remained stable, but continues to review for a possible downgrade.
  • From this morning: Ocwen inks a deal with Wells Fargo for MSRs on another 184K loans.
Comments (1)
  • Swing and a Miss
    , contributor
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    Ya think?

     

    AAMC)

     

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    ***

     

    And to the many other analysts and bloggers who contribute here at Seeking Alpha, may I remind you of the good that you can do. Please indulge me as I quote from the first line of the first paragraph from William D. Cohan's 2009 book, "House of Cards."

     

    "The first murmurings of impending doom for the financial world originated 2,500 miles from Wall Street in an unassuming office suite just north of Orlando, Florida. There, hard by the train tracks, Bennet Sedacca announced to the world at 10:15 on the morning of March 5, 2008, that venerable Bear Stearns & Co., the nation's fifth-largest investment bank, was in trouble, big trouble. "Yep," Sedacca wrote on the Minyanville Website, which is dedicated to helping investors comprehend the financial world. "The great credit unwind is upon us. Credit default swaps on all brokers, particularly Lehman and Bear Stearns, are blowing out, big time."

     

    ***
    Analysts and bloggers, not unlike the late Bennet Sedacca, have the knowledge, expertise, autonomy, and sometimes even anonymity that others may not. Please use your influence and as well as the public forums that you have developed to help you to be the very best financial stewards that you can be.

     

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    22 Jan 2014, 05:57 PM Reply Like
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