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Stock Market & Financial Investment News

News Breaks
November 15, 2012
17:48 EDTHLSSHome Loan Servicing announces payment dates for November, December dividends
The Board of Directors of Home Loan Servicing Solutions increased the dividend for the months of November and December by 1c to 12c per ordinary share. November's dividend will be paid on December 10 to shareholders of record as of November 30, and December's dividend will be paid on January 10, 2013 to shareholders of record as of December 31.
News For HLSS From The Last 14 Days
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January 26, 2015
11:05 EDTHLSSHome Loan Servicing shares defended at Keefe Bruyette
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10:50 EDTHLSSOptions with increasing implied volatility: HLSS KATE AVP
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10:00 EDTHLSSOn The Fly: Analyst Downgrade Summary
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09:19 EDTHLSSOn The Fly: Pre-market Movers
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09:13 EDTHLSSOcwen to 'vigorously defend itself against' BlueMountain allegations
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08:53 EDTHLSSBig name mortgage investors take step toward Ocwen lawsuit, Reuters says
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08:31 EDTHLSSOcwen-linked stocks jump after California settlement
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08:14 EDTHLSSHome Loan Servicing downgraded to Sell from Neutral at Compass Point
Compass Point downgraded Home Loan Servicing (HLSS) to Sell and reduced its price target to $10 from $18 based on increased regulatory and bondholder risks at Ocwen (OCN). The analyst believes recent bondholder claims at both companies have increased the risk of an amortization event in the HLSS Servicer Advance Receivable Trust.
January 23, 2015
16:32 EDTHLSSOn The Fly: Closing Wrap
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14:01 EDTHLSSOcwen, Home Loan Servicing slide after BlueMountain claims default event
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13:26 EDTHLSSHome Loan Servicing volatility increases on wide price movement
Home Loan Servicing February call option implied volatility is at 147, March is at 126, April is at 116; compared to its 26-week average of 30 according to Track Data, suggesting large near tem price movement.
January 14, 2015
14:09 EDTHLSSOcwen, Altisource, Home Loan Servicing downgraded by Moody's
Moody's earlier today downgraded the following ratings with a negative outlook: Ocwen Financial (OCN) - Corporate Family Rating to B3 from B2; Senior Secured Bank Credit Facility to B3 from B2; Senior Unsecured Debt to Caa1 from B3; Altisource Solutions (ASPS) - Corporate Family Rating to B3 from B2; Senior Secured Bank Credit Facility to B3 from B2; Home Loan Servicing Solutions (HLSS) -- Corporate Family Rating to B3 from B2; Senior Secured Bank Credit Facility to B3 from B2. The rating agency cited the "continued regulatory scrutiny of Ocwen that could lead to the loss of their license to service loans in California along with the seriously impaired franchise value of the three companies." Moody's attributed its negative outlook to the "uncertain outcome of the California Department of Business Oversight regulatory action and its effects on the Ocwen's ability to operate in California." It added that the downgrades to Home Loan Servicing and Altisource were driven by their businesses' reliance on Ocwen.

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