Ocwen’s Home Loan Servicing Solutions is marketing two servicer advance receivables-backed securitization deals, Series 2013-T2 and Series 2013-T3 that will issue a combined total of $850 million.

Standard & Poor’s assigned preliminary ratings to each deal. Series 2013-T2 will offer investors $366.45 million of ‘AAA’ notes; $29.77 million of ‘AA’ rated notes; $14.80 million of ‘A’- rated notes; and $13.97 million of ‘BBB’- rated notes.  

Series 2013 T3 is structured similarly. It will offer investors $363.51 million of ‘AAA’ notes; $31.63 million of ‘AA’ notes; $15.40 million of ‘A’ notes; and $14.47 million of ‘BBB’ notes.

Barclays, Credit Suisse, New York Branch, and Wells Fargo are lead managers on the deals.

In January HLSS issued three tranches  of notes secured by servicing advance receivables at a weighted average interest spread over LIBOR of 0.94%. Proceeds from the $650 million of one-year, $350 million of three-year and $150 million of five-year term notes were used to reduce borrowings on variable funding notes. 

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