The NASDAQ stock market has delisted mortgage servicer Home Loan Servicing Solutions.
The stock market notified Home Loan Servicing Solutions last week, but the company only disclosed the news late Friday.
NASDAQ delisted the company under its Listing Rule 5101 discretionary authority, under which it can deny or delist companies with executives connected to fraud, or, as in Home Loan Servicing Solution's case, plans to merge with another company.
HLSS had plans to merge with Ocwen before the mortgage giant's recent legal problems and resulting major losses, and announced on April 10 that it planned to sell itself to New Residential Investment Corp. for about $1.2 billion.
The delisting will be effective April 29.
