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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)
11/24/201518:22:46Statement of Changes in Beneficial Ownership (4)
11/20/201507:31:13Current Report Filing (8-k)
11/17/201508:30:00Ocwen and the NAACP Maryland State Conference “Help & Hope f...
11/16/201506:00:00Ocwen Financial Announces Closing of $600.0 Million Servicing...
11/13/201506:01:37Notice of Effectiveness (effect)
11/12/201516:48:40Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
11/12/201509:24:06Registration Statement for Securities to Be Issued in Business...
11/04/201506:02:53Current Report Filing (8-k)
10/30/201520:45:03Ocwen Financial Sees More Red Ink as Revenue Sinks
10/29/201506:12:29Quarterly Report (10-q)
10/28/201522:54:03Ocwen Financial's (OCN) CEO Ronald Faris on Q3 2015 Results...
10/28/201517:20:00Ocwen Narrows Loss, But Revenue Disappoints
10/28/201516:21:53Current Report Filing (8-k)
10/28/201516:15:00Ocwen Financial Announces Operating Results for Third Quarter...
10/27/201516:21:32Statement of Changes in Beneficial Ownership (4)
10/26/201510:00:00Maryland State Conference of NAACP Branches and Ocwen Hosting...
10/22/201515:00:00Ocwen Financial Corporation Schedules Conference Call - 3rd Quarter...
10/09/201509:23:13Current Report Filing (8-k)
10/01/201506:03:31Current Report Filing (8-k)
09/28/201516:25:00Ocwen and the NAACP New York State Conference Bring Solutions...

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