Showing 1-10 of about 24 articles.
Home Loan Servicing Solutions, Ltd.
Home Loan Servicing Solutions, Ltd. Reports EPS of $0.44 and Net Income of $24.8 Million in the First Quarter of 2013 and Declares Dividend of $0.14 Per Ordinary Share for April, May and June 2013
GEORGE TOWN, Grand Cayman, April 18, 2013 (GLOBE NEWSWIRE) -- Home Loan Servicing Solutions, Ltd. ("HLSS" or the "Company") (Nasdaq:HLSS) today reported net income of $24.8 million, or $0.44 per ordinary share, for the first quarter of 2013. Additionally, the Company's Board of Directors today declared a monthly dividend of $0.14 per ordinary share for the months of April, May and June 2013.
Home Loan Servicing Solutions, Ltd.
Home Loan Servicing Solutions, Ltd. Completes Acquisition of $15.9 Billion in Mortgage Servicing Assets From Ocwen Financial Corporation
GEORGE TOWN, Grand Cayman, March 14, 2013 (GLOBE NEWSWIRE) -- 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, Ltd.
Home Loan Servicing Solutions, Ltd. Announces Closing of Follow-on Equity Offering
GEORGE TOWN, Grand Cayman, Dec. 24, 2012 (GLOBE NEWSWIRE) -- Home Loan Servicing Solutions, Ltd. (Nasdaq:HLSS) announced today the closing of its previously announced underwritten public offering of ordinary shares. The Company sold a total of 25,300,000 newly issued ordinary shares at a price to the public of $19.00 per share. The Company received net proceeds of approximately $462 million from the offering after deducting underwriting discounts and commissions and estimated offering expenses. The Company intends to use the net proceeds from the offering to purchase the right to receive servicing and other related fees, associated servicing advances and other related assets from Ocwen Loan Servicing, LLC, and to the extent there are any remaining proceeds, for general corporate purposes.
Home Loan Servicing Solutions, Ltd.
Home Loan Servicing Solutions Announces Pricing of Follow-on Equity Offering
GEORGETOWN, Grand Cayman, Dec. 18, 2012 (GLOBE NEWSWIRE) -- Home Loan Servicing Solutions, Ltd. (Nasdaq:HLSS) announced today that it has priced a public offering of 25,300,000 of its ordinary shares at a public offering price of $19.00 per share for total gross proceeds of approximately $480,700,000.00. HLSS intends to use the net proceeds of the offering to purchase the right to receive servicing and other related fees, associated servicing advances and other related assets from Ocwen Loan Servicing, LLC, and to the extent there are any remaining proceeds, for general corporate purposes. The offering is subject to customary closing conditions and is expected to close on December 24, 2012.
Home Loan Servicing Solutions, Ltd.
Home Loan Servicing Solutions Announces Follow-On Offering of 22,000,000 Ordinary Shares
GEORGETOWN, Grand Cayman, Dec. 18, 2012 (GLOBE NEWSWIRE) -- Home Loan Servicing Solutions, Ltd. (Nasdaq:HLSS) announced today that it is commencing an underwritten public offering of 22,000,000 of its ordinary shares. Wells Fargo Securities, LLC, Barclays Capital Inc., BofA Merrill Lynch and Citigroup Global Markets Inc. are acting as the joint book-running managers for the offering. HLSS expects to grant the underwriters a 30-day option to purchase up to an additional aggregate of 3,300,000 ordinary shares. HLSS intends to use the net proceeds of the offering to purchase the right to receive servicing and other related fees, associated servicing advances and other related assets from Ocwen Loan Servicing, LLC, and to the extent there are any remaining proceeds, for general corporate purposes.
Showing 1-10 of about 24 articles.