Moody's rates Ocwen B1

Moody's Investors Service said it assigned a B1 corporate family rating and a B1 senior secured note ratings to Ocwen Financial Corp. Ocwen's senior unsecured debt is rated B2.

The outlook is stable.

The ratings reflect Ocwen's mono-line nature and limited differentiation in the highly competitive residential mortgage servicing market, Moody's said.

The agency also noted the company's strong track record of performance in residential mortgage servicing.

The stable outlook reflects an expectation that Ocwen will be able to integrate its servicing acquisitions without disruption to its liquidity and operating results, Moody's said.

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