Early amortization possible for Ocwen-backed notes

Ocwen
By Ryan Bolger
26 Jan 2015

Investors in servicer advance securitizations by Ocwen affiliate Home Loan Servicing Solutions (HLSS) will see their notes amortized early if allegations by investment firm BlueMountain Capital prove true, market participants said on Monday.

The servicer advance securities issued by HLSS, under the name HSART, would see accelerated payments if HLSS can be said to have defaulted on its obligations to noteholders, as BlueMountain alleged in an open letter to HSART trustee Deutsche Bank on Friday.

BlueMountain, which holds stakes in ...

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