HLSS Holdings is coming out with a $300 million securitization of servicer advances, according to a presale report by Standard & Poor's.

The deal, known as 'Advance Receivables-Backed Notes Series 2013-T7,' is split into four tranches: the  A-T7 notes have been assigned a preliminary ‘AAA’ rating ; B-T7 notes have been assigned a preliminary ‘AA’ rating; C-T7 notes have been assigned a preliminary ‘A’ ratings ; and D-T7 notes have been assigned a preliminary ‘BBB’ rating.

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