(The following statement was released by the rating agency)
NEW YORK, September 15 (Fitch) Ocwen Loan Servicing's (Ocwen)
loan modification
activity has roughly doubled beginning in July due to the
implementation of the
Streamline HAMP program, according to Fitch Ratings. Ocwen
expects modification
activity to remain elevated for several months as a result of
the program.
Ocwen expects that the increased cash flow from the successful
modifications
will outweigh the costs of unsuccessful mod
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