Fitch affirms Ocwen

Fitch Ratings said it affirmed the long- and short-term issuer default ratings of Ocwen Financial Corp. at B- and B, respectively, and the long-term issuer default rating of its wholly owned, primary operating subsidiary, Ocwen Loan Servicing, LLC, at B-.

The outlook remains negative.

Fitch said the affirmations reflect Ocwen's scale and market position within the subprime mortgage servicing industry, sufficient liquidity and appropriate capitalization and leverage for the current ratings.

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