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Enterprising Investor

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Enterprising Investor

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Re: Enterprising Investor post# 7

Monday, 02/23/2015 8:56:53 AM

Monday, February 23, 2015 8:56:53 AM

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I view this as a distressed sale.

The 9 percent premium should be indicative of that type of transaction.

Although HLSS was primarily a servicer of subprime and Alt-A loans, its feedstock came from OCN. With OCN exiting the agency business, which HLSS has viewed as a future source of MSRs, it was time to shop the business.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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