HLSS Holdings has paid $238 million in exchange for the right to “receive servicing fees” on $6.7 billion of subprime and Alt-A mortgages from Ocwen Financial Corp. 

HLSS Holdings is a subsidiary of Home Loan Servicing Solutions, which was spun off by Ocwen into its own publicly traded company earlier this year. HLSS is based in the Cayman Islands. Ocwen is headquartered in Atlanta.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.