SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 5, 2012
HOME LOAN SERVICING SOLUTIONS, LTD.
(Exact name of registrant as specified in its charter)
Home Loan Servicing Solutions, Ltd.
c/o Walkers Corporate Services Limited
Walker House, 87 Mary Street
George Town, Grand Cayman
Registrants telephone number, including area code: (345) 945-3727
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):
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Exhibit Index on Page 4
On March 5, 2012, Home Loan Servicing Solutions, Ltd. (HLSS or the Company) completed an initial public offering (IPO) and a concurrent private placement of its ordinary shares from which we raised cash of $184,300 (the Offerings). Immediately thereafter, on March 5, 2012, we used $149,798 to acquire certain assets, net of assumed liabilities, from Ocwen Financial Corporation (the Initial Acquisition). The acquired assets related to mortgage servicing rights with respect to 116 pooling and servicing agreements with an aggregate unpaid principal balance (UPB) of approximately $15.2 billion as of March 5, 2012 (the Initial Mortgage Servicing Rights).
The Company included certain information as of December 31, 2011 about the assets to be acquired and the liabilities to be assumed in its final prospectus dated February 28, 2012. Because these assets do not comprise a predecessor or acquired business with financial statements, the Company is filing a statement of assets acquired and liabilities assumed in connection with the Initial Acquisition.
This Form 8-K is being filed to include the financial information referred to in Item 8.01(a), below, related to the Initial Acquisition and to provide the report of the independent registered public accountants.
Item 8.01 Other Events
Attached hereto as Exhibit 99.1 and incorporated by reference into this Item 8.01(a) is a Statement of Assets Acquired and Liabilities Assumed by Home Loan Servicing Solutions, Ltd. related to the Initial Acquisition at March 5, 2012 and accompanying notes thereto.
The following exhibits are filed as part of this report:
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Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Date: May 11, 2012
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INDEX TO EXHIBITS
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