Thrifts and Mortgage Finance
Company Overview of Home Loan Servicing Solutions, Ltd.
Home Loan Servicing Solutions, Ltd., together with its subsidiaries, focuses on acquiring assets related to residential mortgages. The company was founded in 2010 and is based in George Town, the Cayman Islands. As of April 6, 2015, Home Loan Servicing Solutions, Ltd. operates as a subsidiary of New Residential Investment Corp.
190 Elgin Avenue
George Town, KY1-9005
Founded in 2010
Key Executives for Home Loan Servicing Solutions, Ltd.
Chief Executive Officer, President, Director and Member of Executive Committee
Total Annual Compensation: $791.1K
Chief Financial Officer, Chief Accounting Officer, Senior Vice President and Controller
Total Annual Compensation: $412.2K
Senior Vice President, General Counsel and Secretary
Total Annual Compensation: $233.3K
Senior Vice President of Investor Relations and Capital Markets
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2014.
Home Loan Servicing Solutions, Ltd. Key Developments
The NASDAQ Stock Market To Delist The Common Stock Of Home Loan Servicing Solutions
May 20 15
The NASDAQ Stock Market announced that it will delist the common stock of Home Loan Servicing Solutions, Ltd. Home Loan Servicing Solutions, Ltd.’s stock was suspended on April 29, 2015 and has not traded on NASDAQ since that time. NASDAQ will file a Form 25 with the Securities and Exchange Commission to complete the delisting for the company. The delisting become effective ten days after the Form 25 is filed.
Home Loan Servicing Solutions, Ltd.(NasdaqGS:HLSS) dropped from NASDAQ Composite Index
Apr 28 15
Home Loan Servicing Solutions, Ltd. will be removed from Nasdaq Composite Index.
Home Loan Servicing Solutions Receives Notice Of Delisting From NASDAQ
Apr 24 15
On April 20, 2015, Home Loan Servicing Solutions, Ltd. received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC, notifying the Company that Nasdaq has determined to delist the ordinary shares of the Company from Nasdaq pursuant to the Staff’s discretionary authority under Listing Rule 5101. The Nasdaq Letter stated that the Staff’s determination was based on its belief that the Company is a “public shell” as a result of (i) the Company’s sale to New Residential Investment Corp. of substantially all of its operating assets, as announced in the Company’s Current Report on Form 8-K filed on April 7, 2015 and (ii) the Company’s plan of complete liquidation and dissolution pursuant to which a distribution of approximately $1.2 billion, or $16.613 per share, will be paid on April 27, 2015. The Nasdaq Letter further stated that the Company may appeal the Staff’s determination to a Hearings Panel, pursuant to the procedures set forth in the Nasdaq Listing Rules. A hearing request would stay the suspension of the Company’s securities and the filing of the Form 25-NSE pending the Panel’s decision. Unless the Company requests an appeal, the Company’s ordinary shares will be delisted from Nasdaq at the opening of business on April 29, 2015 and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company’s securities from listing and registration on Nasdaq. The Company does not intend to appeal the Staff’s decision.
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