GEORGETOWN, Grand Cayman, Nov. 15, 2012 (GLOBE NEWSWIRE) –Home Loan Servicing Solutions, Ltd.TM (“HLSS” or the “Company”) (Nasdaq:HLSS) announced that today its Board of Directors increased the dividend for the months of November and December 2012 by $0.01 to $0.12 per ordinary share. The dividend will be payable to holders of record of our ordinary shares as follows:

Record Date                   Payment Date                           Amount per

                                                                                                  Ordinary Share

November 30, 2012        December 10. 2012                            $0.12

December 31, 2012          January 10, 2013                               $0.12

“HLSS increased dividends previously declared due to increased earnings expectations, which resulted from lower than anticipated prepayments through the middle of the fourth quarter,” said President John Van Vlack. “The October prepayment rate was 13.6% despite a rebound in the number of loan modifications. With the prepayment rate likely to remain below 15% for the fourth quarter, we are revising earnings guidance to $0.40 to $0.41 per share. At the lower end of our guidance, this dividend increase will bring our dividend payout ratio for the full year within our targeted range of 90-100% of net income over time.”
For more information on prior releases and SEC Filings, please refer to the “Shareholders” section of our website at www.hlss.com.
Home Loan Servicing Solutions (HLSS) is an internally managed owner of high quality mortgage servicing assets, predominantly mortgage servicing advances and non-agency mortgage servicing rights, which are highly overcollateralized with historically stable net asset values. HLSS’ primary investment objective is to generate stable, recurring fee based earnings and dividends throughout the economic cycle. For more information, visit www.hlss.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy ordinary shares of the Company, nor shall there be any sale of these ordinary shares in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
CONTACT: James E. Lauter
Senior Vice President &
Chief Financial Officer
T: (561) 682-7561
E: [email protected]