Boston Portfolio Advisors Brokers Sale of $1.4 Billion in HLTV Servicing Rights.Business Editors FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--Jan. 15, 2001 Boston Portfolio Advisors, acting as asset sale advisor to Empire Funding Corporation in Austin, Texas, announced the sale of $1.4 billion of high LTV LTV See: Loan-to-value ratio servicing rights to OCWEN financial Corporation in West Palm Beach, Fla. The sale of servicing rights from Empire Funding to OCWEN represents the execution of one of the largest HLTV HLTV High Loan to Value HLTV Half-Life Television HLTV Half Life True Voice servicing rights trades in the industry. "We were pleased to help facilitate this sale, which resulted in a win-win situation for everyone involved," said Boston Portfolio Advisors President, Scott Calahan. "Our special expertise in high LTV portfolios enabled us to get Empire an attractive price, and to give OCWEN assurance that the portfolio had been accurately represented." "Because of some special circumstances special circumstances n. in criminal cases, particularly homicides, actions of the accused or the situation under which the crime was committed for which state statutes allow or require imposition of a more severe punishment. surrounding the sale, we also needed to execute the transaction as quickly as possible," said Eugene Wetzold, Director of Asset Finance for Boston Portfolio Advisors. "Our ability to close such a large transaction in a short period of time is a tribute to our extensive industry contacts, knowledge of the product and the secondary market, and ability to quickly analyze and value portfolios." "Boston Portfolio Advisors' efficiency and professionalism was instrumental in facilitating this complex transaction," said John Guy, Director of Business Development for OCWEN. Boston Portfolio Advisors provides loan portfolio consulting services including loan sale advisory, loan servicing sales and reviews, portfolio valuation, loan file due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. , risk analysis, and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and bankruptcy support. Additional information about Boston Portfolio Advisors is available at www.bostonportfolio.com. |
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