New Residential Investment and Home Loan Servicing Solutions (HLSS) announced the mutual termination of a merger agreement originally announced on February 22 and instead announced the two firms have entered into a purchase agreement.
Read More »Home / Tag Archives: New Residential Investment Corp.
Real Estate Investor Acquires Mortgage Servicer for $1.3 Billion
New Residential Investment Corp. and Home Loan Servicing Solutions Ltd. announced a definitive merger agreement on Sunday. The merger agreement sets for New Residential to acquire all of the outstanding shares of HLSS for $18.25 per share in cash, totaling approximately $1.3 billion. The purchase price represents a 9 percent premium to HLSS' closing price of $16.76 on February 20.
Read More »