Items Tagged with 'BlueMountain Capital Management'


  • Ocwen faces delisting from New York Stock Exchange

    Is the HLSS situation the iceberg that sinks Ocwen?
    The calendar may say that it’s officially Spring, but Ocwen Financial’s winter of discontent is nowhere close to being over. Now, the bank is facing delisting from the New York Stock Exchange because of its continued delays in filing its 2014 annual report.
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  • New Residential to buy Home Loan Servicing Solutions for $1.3 billion

    Ocwen associate was under heavy investor pressure
    It appears that Home Loan Servicing Solutions was listening to the growing chorus of investors who wanted the company to separate itself from embattled nonbank Ocwen Financial. Early Monday morning, Home Loan Servicing Solutions announced that it entered into a definitive merger agreement with New Residential Investment. The final price tag? $1.3 billion.
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  • HLSS and Ocwen escalate fight against mortgage negligence claims

    Accuse hedge fund of attempting to undermine Ocwen’s stock price
    It appears that Home Loan Servicing Solutions and its associated company, Ocwen Financial, take the claims that they breached their mortgage bond covenants quite seriously. The companies are again accusing BlueMountain Capital Management of attempting to "undermine" Ocwen's stock price, given BlueMountain's short position in Ocwen.
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  • Home Loan Servicing Solutions fires back at mortgage-negligence claims

    Ocwen associate answers charges from hedge fund
    Home Loan Servicing Solutions is joining with associate Ocwen Financial, in the fight against investors who claimed that the companies breached their mortgage bond covenants, and is accusing the investors of attempting to profit on their stock holdings in HLSS as opposed to actually caring what happens with the mortgage bonds.
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  • Hedge fund claims Ocwen breached bond covenants

    Blue Mountain Capital reveals short position
    Hedge fund BlueMountain Capital Management sent notices of default to embattled nonbank Ocwen Financial and its affiliated company, Home Loan Servicing Solutions on Friday, saying that Ocwen’s regulatory troubles have caused an “irrefutable” default on notes the hedge fund owns.
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