GEORGE TOWN, Grand Cayman, Jan. 26, 2015 (GLOBE NEWSWIRE) -- 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
Source:Home Loan Servicing Solutions, Ltd.