The Online Investor
Investment Brokerages M&A image Investment Brokerages M&A » By The Online Investor Staff, updated Sun., Oct. 17, 12:43 PM Recent mergers and acquisitions in the Investment Brokerages M&A category.

Slide #79. Home Loan Servicing Solutions, Ltd. Mortgage Servicing Assets From Ocwen Financial Corporation

Acquirer: Home Loan Servicing Solutions, Ltd. (HLSS)
Acquiree: Mortgage Servicing Assets From Ocwen Financial Corporation
Details: Home Loan Servicing Solutions, Ltd. ("HLSS") (Nasdaq:HLSS) announced today that on March 13, 2013, HLSS and HLSS Holdings, LLC completed an acquisition from Ocwen Financial Corporation (NYSE:OCN) and its affiliates and subsidiaries of rights to receive servicing fees ("Rights to MSRs") and related servicing advances for a servicing portfolio of subprime and Alt-A residential mortgage loans. This transaction resulted in the acquisition of Rights to MSRs with approximately $15.9 billion in unpaid principal balance of mortgage loans. The characteristics of these mortgage servicing assets are similar to those previously acquired from Ocwen, and we expect this transaction to be accretive to earnings.

Home Loan Servicing Solutions and its wholly owned subsidiaries are engaged in the business of acquiring mortgage servicing assets. Co. has engaged Ocwen Financial Corporation and its subsidiaries, a residential mortgage loan servicer, to service the mortgage loans underlying its mortgage servicing assets. Co. is focused on acquiring mortgage servicing assets, whereby it acquires the rights to receive the servicing fees that the servicer is entitled to receive (Rights to MSRs) and associated servicing advances, and the servicer will continue to service the mortgage loans and receive compensation from Co. for its servicing activities.

Open the HLSS Page at The Online Investor »

Company Name: 
Home Loan Servicing Solutions Ltd
Website: 
www.hlss.com
Sector: 
Investment Brokerages
 

Open the HLSS Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Email EnvelopeFree HLSS Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Hold (2.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Investment Brokerages M&A - Slide 79 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.