One for the Income-Hungry
Lately, it seems companies are coming up with new ways to create yield for income-starved investors every day. But some of the vehicles are much sturdier than others, and Home Loan Servicing Solutions (HLSS) is one of those.
HLSS is a newly incorporated independent foreign investment firm headquartered in George Town, Cayman Islands, that was created solely to acquire mortgage-servicing assets. For all intents and purposes, the company is a spinoff of Atlanta-based Ocwen Financial (OCN), a residential and commercial mortgage loan servicing and asset management firm. Virtually the entire management team for HLSS came over from Ocwen Financial, and the company plans to eventually acquire all the remaining mortgage servicing rights from Ocwen's servicing division....471 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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