Items Tagged with 'HLSS'


  • New Residential to repay $2.5B in mortgage servicer advances

    S&P downgrades Ocwen, triggers repayment
    Citing an “inadvertent” oversight in a previous downgrade of Ocwen Loan Servicing servicer rankings, Standard & Poor’s announced earlier this week that it was lowering its ranking of Ocwen as a residential mortgage master servicer from “above average” to “below average.” And that move triggered a massive payback from New Residential.
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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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