On October 5, 2015, the SEC instituted settled cease-and-desist proceedings against Home Loan Servicing Solutions, Ltd. (HLSS). The SEC alleged: "This matter involves two sets of misstatements made by HLSS from 2012 to 2014, one concerning related party transactions and the other concerning valuation of company assets. First, HLSS inaccurately disclosed that it had policies governing conflicts of interest inherent in related party transactions, which included the recusal of its Chairman of the Board (the 'Chairman') from negotiating and approving transactions with related parties such as Ocwen Financial Corp. ('Ocwen'), for which the Chairman also served as Executive Chairman. Second, HLSS's erroneous valuations of its primary asset, contributed to HLSS misstating its financial results for the years 2012 and 2013 and the first quarter of 2014. These misstatements resulted from an internal accounting controls failure that allowed the company to adopt a valuation methodology that did not conform to U.S. Generally Accepted Accounting Principles ('GAAP')."

On October 5, 2015, the SEC announced that it, "charged Home Loan Servicing Solutions Ltd. (HLSS) for making material misstatements about its handling of related party transactions and the value of its primary asset and for having inadequate internal accounting controls."