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Ocwen shareholder stumps for S&P upgrade

An upgrade to "average" servicer rating is crucial not just to Ocwen Financial (OCN +3.1%) stakeholders, but to the entire servicing industry, writes John Devaney of United Capital Markets, in an open letter to S&P.

The bottom line according to Devaney, citing the recent LL funds White Paper and his contacts who make up a sizable proportion of holders of RMBS serviced by Ocwen:...