Long Position on HLSS @ $21.79 on 2/11/2013 (Momentum)

Home Loan Servicing Solutions (HLSS) is formed to acquire mortgage servicing assets, primarily subprime and Alt-A mortgage servicing rights and associated servicing advances. The Company engages in residential mortgage loan servicers and services the pools of mortgage loans underlying the mortgage servicing rights.

The Company is focused to enter into the subservicing agreement to provide for the servicing of the initial mortgage servicing rights for an initial term of seven years.

52wk Range: $12.80 - $22.50

Avg Vol (3m): 1,097,710

Market Cap: 1.23B

P/E (ttm): 14.08

EPS (ttm): 1.53

Div & Yield: 1.44 (6.60%)

Entry Point:  $21.79

Stop Loss: $20.70

Target Price: $24.05

Updates

3/5/2013 10:27:26 AM

We closed HLSS postion at $24.06. That was a gain of 10.1%. We invested the proceeds into SEE.

Position closed on 3/5/2013 at price of $24.06 with a 10.42% gain in 22 days.

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