Ocwen's servicing still under review at Moody's

|About: Ocwen Financial Corporation (OCN)|By:, SA News Editor

"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.