Home Loan Servicing Solutions, Ltd. Responds to BlueMountain Letter
January 26 2015 - 9:00AM
HLSS Holdings, LLC, Administrator to the HLSS Servicer Advance
Receivables Trust (the "HSART Trust") and a wholly owned subsidiary
of Home Loan Servicing Solutions, Ltd. ("HLSS"), today sent a
letter to the indenture trustee of the HSART Trust, Deutsche Bank
National Trust Company, in response to allegations contained in a
letter from lawyers representing BlueMountain Capital Management,
LLC, a purported holder of notes issued by the Trust. HLSS intends
to vigorously defend against the claims set forth in the letter and
assert all of its rights in relation to this matter.
HLSS is an internally-managed owner of residential mortgage
assets with historically stable valuations and cash flows. HLSS'
largest asset is mortgage servicing advances that, along with the
related servicing rights, are over-collateralized more than 25
times by the underlying residential real estate. HLSS' objective is
to generate stable, recurring fee-based core earnings and dividends
throughout the economic cycle. For more information, visit
www.hlss.com.
CONTACT: FOR FURTHER INFORMATION CONTACT:
James E. Lauter
Senior Vice President &
Chief Financial Officer
T: +1 (345)815-9902
E: James.Lauter@hlss.com
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