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Company Description (as filed with the SEC)
We are a Cayman Islands exempted company that acquires Mortgage Servicing Assets. We launched our operations on March 5, 2012 using the proceeds from our initial public offering (“IPO”) and a concurrent private placement with our founder and Chairman of our Board of Directors to acquire Mortgage Servicing Assets related to a portfolio with $15.2 billion unpaid principal balance (“UPB”) from Ocwen (“Initial Acquisition”). We do not originate mortgage loans, and as a result we are not subject to the risk of loss related to the origination of mortgage loans. We engaged Ocwen, a high quality residential mortgage loan servicer, to service the mortgage loans underlying our Mortgage Servicing Assets and therefore have not and do not intend to develop our own mortgage servicing platform. Our target is to distribute approximately 90% of our Net income over time to our shareholders in the form of a monthly cash dividend. ... More ...
|Annual EPS Est:||$1.99|
|Quarterly EPS Est:||0.54|