Items Tagged with 'Mangrove Partners'


  • 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 board out? Investor power play continues

    Mangrove Partners continues to push separation from Ocwen
    One of the 10 largest shareholders of Home Loan Servicing Solutions, Mangrove Partners, is following through on its threat to replace HLSS’ board of directors in an effort to force the company to end its relationship with Ocwen Financial.
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  • Hedge fund investor demands HLSS terminate Ocwen relationship

    Mangrove Partners accuses board of “dereliction of duty”
    One of the ten largest shareholders of Home Loan Servicing Solutions is accusing the company’s board of “dereliction of duty” and demanding that HLSS terminate its business relationship with Ocwen Financial, which subservices all of the mortgage loans that HLSS holds servicing rights for.
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