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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; Andrew.FitzGerald@dowjones.com

Stock News for Ocwen (OCN)
DateTimeHeadline
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
06/23/201606:35:32Current Report Filing (8-k)
06/22/201608:50:00Technical Report on Mortgage Investment Equities - Ally Financial...
06/08/201616:20:00Ocwen and NAACP Help & Hope For Homeowners Florida Event Provides...
06/08/201611:00:50Statement of Changes in Beneficial Ownership (4)
05/25/201608:30:00Independent Expert Consultant Finds RMBS Investors’ Allegations A...
05/24/201615:17:00Lifshitz & Miller Law Firm Announces Investigation of Code Rebel...
05/18/201617:41:47UPDATE -- Ocwen Hosts Seventh Annual Housing Advocacy and Policy...
05/18/201613:00:00Ocwen Hosts Seventh Annual Housing Advocacy and Policy Forum
05/13/201618:05:22Statement of Changes in Beneficial Ownership (4)
05/13/201617:47:05Statement of Changes in Beneficial Ownership (4)
05/13/201617:44:25Statement of Changes in Beneficial Ownership (4)
05/13/201617:43:33Statement of Changes in Beneficial Ownership (4)
05/13/201617:42:40Statement of Changes in Beneficial Ownership (4)
05/13/201617:42:14Statement of Changes in Beneficial Ownership (4)
05/13/201617:41:47Statement of Changes in Beneficial Ownership (4)
05/13/201606:02:49Current Report Filing (8-k)
05/03/201612:27:00Statement of Changes in Beneficial Ownership (4)

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