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Home » Store » News » New Residential and HLSS Switch From Merger to Asset Purchase

New Residential and HLSS Switch From Merger to Asset Purchase

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New Residential Investment plans to complete an asset purchase with Home Loan Servicing Solutions instead of a merger, the firms announced this week. New Residential agreed to pay HLSS $1.4 billion, largely in cash. The sale substantially mitigates servicer advance funding risk, according to industry analysts. The firms said New Residential acquired substantially all of the assets of HLSS and assumed substantially all of HLSS’ liabilities ...
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