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: $325.0K
Chief Financial Officer, Chief Accounting Officer, Senior Vice President and Controller
Total Annual Compensation: $238.0K
Senior Vice President of Investor Relations and Capital Markets
Total Annual Compensation: $250.0K
Compensation as of Fiscal Year 2013.
Home Loan Servicing Solutions, Ltd. Key Developments
Home Loan Servicing Solutions, Ltd. Declares Liquidating Distribution, Payable on April 27, 2015
Apr 10 15
Home Loan Servicing Solutions, Ltd. announced that its Board of Directors has declared a liquidating distribution in the aggregate amount of approximately $1.2 billion or $16.613 per share. The Distribution Amount represents the net proceeds received by the company in connection with the sale of substantially all of the company's assets pursuant to the Stock and Asset Purchase Agreement with New Residential Investment Corp. entered into and consummated on April 6, 2015, less a cash reserve in the amount of $50 million. Holders of record of ordinary shares of the company at the close of business on April 20, 2015 will be entitled to receive the Distribution Amount, which the company expects to be paid on April 27, 2015.
Home Loan Servicing Solutions, Ltd. Announces Unaudited Consolidated Financial Results for the Year Ended December 31, 2014
Apr 7 15
Home Loan Servicing Solutions, Ltd. announced unaudited consolidated financial results for the year ended December 31, 2014. The company reported total revenue was $399,751,000 compared with $239,832,000 a year ago. Income from operation was $381,298,000 compared with $227,962,000 a year ago. Income before income taxes was $217,600,000 compared with $117,891,000 a year ago. Net income was $216,964,000 compared with $117,657,000 a year ago. Diluted earnings per share were $3.05 compared with $1.83 a year ago. Net cash provided by operating activities was $514,969,000 compared with $625,409,000 a year ago.
Brower Piven Announces Commencement of Class Action Lawsuit against Home Loan Servicing Solutions, Ltd
Mar 23 15
Brower Piven announced that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of Home Loan Servicing Solutions, Ltd. common stock during the period between February 7, 2013 and January 23, 2015, inclusive. Investors who wish to become proactively involved in the litigation have until March 30, 2015 to seek appointment as lead plaintiff.
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