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Ocwen Modifications, Servicing Transfers and more

Topics in today’s Commentary

· 375 Tennessee loans serviced by Ocwen just had their interest rate drop below their lifetime floor. Why?

· Subprime Modification Activity increased in July Remittance

· Ocwen Modifications – past 3 years

· Ocwen Financial – Excerpts from Form 10-Q relating to modification activity

· Servicing Transfer: Wells Fargo to SLS

· Largest Unrecognized Principal Forbearance by Deal

· Largest Losses – as of July 2016 Remittance (by Loss Amount)

· Largest Losses – as of July 2016 Remittance (by Loss Severity)

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