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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)
05/21/201516:16:35Initial Statement of Beneficial Ownership (3)
05/21/201509:46:06Families in Need of Assistance Attend Chicago "Help & Hope for...
05/20/201517:14:34Amended Statement of Beneficial Ownership (sc 13d/a)
05/20/201517:08:51Statement of Changes in Beneficial Ownership (4)
05/18/201509:51:06Ocwen Regains NYSE Compliance -- Update
05/18/201509:20:13Ocwen Negotiating With Lenders
05/18/201508:02:20Ocwen Negotiating With Lenders
05/18/201507:51:22Ocwen in Full Compliance With NYSE Continued Listing Requirements
05/18/201506:07:49Quarterly Report (10-q)
05/13/201510:54:10Amended Statement of Ownership (sc 13g/a)
05/12/201509:10:50Current Report Filing (8-k)
05/12/201509:09:39Statement of Changes in Beneficial Ownership (4)
05/12/201509:08:26Statement of Changes in Beneficial Ownership (4)
05/12/201508:17:08Proxy Statement (definitive) (def 14a)
05/12/201507:45:00Ocwen Appoints Alan J. Bowers to Board of Directors
05/12/201506:08:15Notification That Quarterly Report Will Be Submitted Late (nt...
05/11/201517:52:08Ocwen Financial Files 2014 Form 10-K Without a Qualification...
05/08/201517:23:48Current Report Filing (8-k)
05/08/201516:02:00Ocwen Joins Northwest Side Housing Center in Celebrating 12 Years...
05/05/201513:01:42Ocwen Financial Corp Price Target Raised to $11.00 at Citigroup...

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