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Home Loan Servicing Plans To Sell 18.3 Million Shares In IPO

DOW JONES NEWSWIRES Home Loan Servicing Solutions Ltd. said it plans to sell 18.3 million shares in its initial public offering, continuing its plans to go public at a turbulent time for the market. The company, which in February filed plans to sell up to $316.3 million in stock, expects the shares will price at about $15. The company now owned by Ocwen Financial Corp. (OCN) Chairman William C. Erbey was formed to acquire mostly subprime and Alt-A mortgage servicing rights and advances. It said it isn't subject to the risk associated with many loans because it only services mortgages and doesn't originate or buy them. Erbey plans to buy $10 million worth of ordinary shares in a private placement at the same time as the IPO, according to a filing with the Securities and Exchange Commission. The company has filed to list on Nasdaq under the symbol HLSS. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909;

Stock News for Ocwen (OCN)
10/20/201607:30:00Ocwen Financial Corporation Schedules Conference Call - 3rd Quarter...
10/04/201616:20:00Ocwen and NID Join Forces with NAACP to Assist Struggling Homeowners...
09/16/201606:59:00Ocwen Outperforms Under The U.S. Department of the Treasury’s...
09/02/201616:53:40Amended Statement of Beneficial Ownership (sc 13d/a)
08/30/201616:20:00Ocwen and NAACP to Hold Homeowner Outreach Event in Washington...
08/25/201616:28:13Current Report Filing (8-k)
08/16/201606:02:24Current Report Filing (8-k)
08/04/201606:30:00Ocwen Financial Announces Pricing of $500 Million OMART Servicing...
08/03/201606:03:07Current Report Filing (8-k)
07/28/201606:09:57Quarterly Report (10-q)
07/27/201616:47:35Current Report Filing (8-k)
07/27/201616:20:00Ocwen Financial Announces Operating Results For Second Quarter...
07/22/201611:11:56Statement of Changes in Beneficial Ownership (4)
07/21/201607:30:00Ocwen Financial Corporation Schedules Conference Call - 2nd Quarter...
07/20/201606:02:19Current Report Filing (8-k)
07/19/201608:15:00Ocwen and NID to Hold Borrower Outreach Event in San Bernardino
07/08/201608:15:00Ocwen Delivers Borrowers Solutions Through the U.S. Department...
06/30/201616:15:00Ocwen and NID Announce California-Focused Homeowner Initiative
06/28/201618:42:59Statement of Changes in Beneficial Ownership (4)
06/23/201613:10:00Ocwen to Pay $30 Million to Resolve Disclosure Suits

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