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Stock Market & Financial Investment News

News Breaks
July 16, 2014
07:19 EDTWAC, PFSI, NSM, HLSSNationstar, Walter Investment downgraded to Underperform at Wells Fargo
Wells Fargo downgraded both Nationstar (NSM) and Walter Investment (WAC) to Underperform from Market Perform and reduced its sector weighting for Mortgage Servicers to Underweight from Market Weight after its cash flow analysis pointed to share downside. Wells also highlights the continued regulatory issues for the space. The firm lowered its price target range for Nationstar shares to $25-$27 from $29-$32 and for Walter to $22-$24 from $27-$32. Wells keeps Buy ratings on Home Loan Servicing (HLSS) and PennyMac (PFSI).
News For NSM;WAC;HLSS;PFSI From The Last 14 Days
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April 10, 2015
10:22 EDTHLSSOptions with decreasing implied volatility
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10:08 EDTHLSSHome Loan Servicing declares liquidating distribution of $16.613 per share
Home Loan Servicing Solutions (HLSS) announced that its board has declared a liquidating distribution in the aggregate amount of approximately $1.2B, 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 to New Residential Investment (NRZ) entered into and consummated on April 6, less a cash reserve in the amount of $50M. Holders of record of ordinary shares of Home Loan Servicing Solutions at the close of business on April 20 will be entitled to receive the distribution amount, which the company expects to be paid on April 27.
April 9, 2015
10:32 EDTHLSSOptions with decreasing implied volatility
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April 7, 2015
12:58 EDTHLSSOn The Fly: Midday Wrap
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11:09 EDTHLSSOptions with decreasing implied volatility
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09:23 EDTHLSSOn The Fly: Pre-market Movers
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April 6, 2015
17:41 EDTHLSSOcwen amends servicing pact with Home Loan Servicing Solutions
On April 6, Ocwen (OCN) Loan Servicing entered into Amendment No. 2 to Master Servicing Rights Purchase Agreement and Sale Supplements with HLSS Holdings, Home Loan Servicing Solutions (HLSS) and MSR-EBO Acquisition LLC , which Amendment is effective upon the consummation and closing of the purchase by the Buyer, directly and through HLSS Advances Acquisition Corp., of substantially all of the assets of HLSS. The Amendment revised terms of (i) the Master Servicing Rights Purchase Agreement, dated as of October 1, 2012, as amended by Amendment No. 1 to Master Servicing Rights Purchase Agreement and Sale Supplements, dated as of December 26, 2012 and (ii) certain sale supplements to the MSR Purchase Agreement . In consideration of Ocwenís consent to the assignment by HLSS to the Buyer of all HLSSís right, title and interest in, to and under the Original Agreements, the Amendment will, among other things impose a two year standstill on the rights of the HLSS Parties to replace Ocwen as named servicer.The Amendment also provides that Ocwen will sell to HLSS, on an exclusive and ďas isĒ basis, all economic beneficial rights to the clean-up call rights Ocwen is entitled to pursuant to servicing agreements that underlie Rights to MSRs owned by HLSS, for a payment upon exercise of 0.50% of the unpaid principal balance of all performing mortgage loans associated with the applicable clean up-call. In the event there is a future downgrade of Ocwen's S&P servicer rating below its current rating of "Average," Ocwen has also agreed to compensate Holdings for certain increased costs associated with its servicing advance financing facilities, including increased costs of funding, to the extent such costs are the direct result of such downgrade.
16:57 EDTHLSSHome Loan Servicing received subpoena from the SEC
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16:54 EDTHLSSNew Residential, Home Loan Servicing enter purchase agreement, terminate merger
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16:54 EDTHLSSHome Loan Servicing reports Q4 EPS 74c, may not compare to consensus 58c
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16:44 EDTHLSSHome Loan Servicing files to deregister Form S-3ASR
Home Loan Servicing Solutions is filing this post-effective amendment to the Registration Statement on Form S-3, File No. 333-188246, filed with the SEC on April 30, 2013 to deregister any and all securities of the company that had been registered for issuance under the Registration Statement that remain unsold thereunder. The Registration Statement registered shares of the companyís debt securities, ordinary shares, preference shares, warrants or depositary shares, as well as units that include any of these securities, in one or more classes or series. The Registration Statement is hereby amended to remove from registration all shares that have not yet been issued, and the Registration Statement is terminated.
11:11 EDTHLSSOptions with decreasing implied volatility
Options with decreasing implied volatility: BDSI CONN HLSS CTRX DANG ARCP KMX MAC

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