We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
(MM) | NASDAQ:HLSS | NASDAQ | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.679 | 0.00 | 01:00:00 |
Cayman Islands | 1-35431 | 98-0683664 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | ||
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 | Other Events. |
• | The timing and nature of the final resolution of the matters discussed in this Form 8-K; |
• | Any further delay in the filing of required periodic reports with the Securities and Exchange Commission; |
• | The ability to close the merger contemplated in the definitive merger agreement dated as of February 22, 2015 (the "Merger"), as included in our Current Report on Form 8-K filed with the Securities and Exchange Commission on February 23, 2015, on the proposed terms and within the anticipated time period, or at all, which is dependent on the parties’ approval to satisfy certain closing conditions, including obtaining Company shareholder approval; |
• | The impact of the Merger on third party relationships; |
• | The ability to resolve favorably the alleged events of default under the Sixth Amended and Restated Indenture, dated as of January 17, 2014, by and among HLSS Servicer Advance Receivables Trust, Deutsche Bank National Trust Company, HLSS Holdings, LLC, Ocwen Loan Servicing, LLC, Wells Fargo Securities, LLC and Credit Suisse AG, New York Branch; |
• | Assumptions about the availability of and our ability to make acquisitions of residential mortgage assets from Ocwen Financial Corporation and its subsidiaries (collectively, "Ocwen") or others on terms consistent with our business and economic model; |
• | Estimates regarding prepayment speeds, default rates, delinquency rates, severity, servicing advances, amortization of Notes receivable - Rights to MSRs, custodial account balances, interest income, operating costs, interest costs and other drivers of our results; |
• | The potential for fluctuations in the valuation of our Notes receivable - Rights to MSRs and Loans held for investment; |
• | The impact of the change in our accounting convention related to the valuation of our Notes receivable - Rights to MSRs and timing and cost of the remediation of a related material weakness in our internal control over financial reporting as described in Part II, Item 4, "Controls and Procedures" of our Amendment No. 1 to Form 10-K filed on August 18, 2014 (the "2013 Form 10-K/A"); |
• | Assumptions regarding the availability of refinancing options for subprime and Alt-A borrowers; |
• | Expectations regarding incentive fees in our servicing contract and the stability of our net servicing fee revenue; |
• | Assumptions about the effectiveness of our hedging strategy; |
• | Assumptions regarding amount and timing of additional debt or equity offerings; |
• | Assumptions related to sources of liquidity, our ability to fund servicing advances, our ability to pursue new asset classes and the adequacy of our financial resources; |
• | Assumptions regarding our financing strategy, advance rate, costs and other terms for financing new asset classes; |
• | Assumptions regarding margin calls on financing facilities; |
• | Changes in rating methodologies by our rating agencies and our ability to obtain or maintain ratings of our financing facilities; |
• | Our ability to enforce our contractual remedies against Ocwen; |
• | Our status with respect to legal ownership of the rights to mortgage servicing rights we acquired from Ocwen; |
• | Our ability to pay monthly dividends; |
• | The performance of Ocwen as mortgage servicer; |
• | The ability of Ocwen to maintain its residential mortgage servicer ratings and the effects, if any, of any changes in such ratings on our financing arrangements or agreements with Ocwen; |
• | Our competitive position; |
• | Our dependence on the services of our senior management team; |
• | Regulatory investigations and legal proceedings against us; |
• | Regulatory investigations and legal proceedings against Ocwen, Altisource or others with whom we may conduct business; |
• | Uncertainty related to future government regulation and housing policies; |
• | Assumptions regarding our tax rate and decisions by taxing authorities; and |
• | General economic and market conditions. |
Date: | March 18, 2015 | HOME LOAN SERVICING SOLUTIONS, LTD. | ||
(Registrant) | ||||
By: | /s/ James E. Lauter | |||
James E. Lauter | ||||
Senior Vice President and Chief Financial Officer (On behalf of the Registrant and as its principal financial officer) |
1 Year (MM) Chart |
1 Month (MM) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions