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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; [email protected]

Stock News for Ocwen (OCN)
01/20/201717:01:43Statement of Changes in Beneficial Ownership (4)
01/11/201707:37:14Ocwen Helps 75,000 Homeowners Avoid Foreclosure In 2016
01/09/201717:05:28Statement of Changes in Beneficial Ownership (4)
12/15/201607:15:00Homeward Residential Combines Wholesale and Correspondent Sales...
12/09/201617:02:47Statement of Changes in Beneficial Ownership (4)
12/07/201616:42:51Statement of Changes in Beneficial Ownership (4)
12/07/201607:15:00Ocwen and NeighborWorks® Sacramento Launch Targeted California...
12/06/201616:25:11Current Report Filing (8-k)
12/05/201621:55:34Ocwen Successfully Extends Corporate Debt Maturities to December...
12/03/201614:54:09Ocwen Announces Results of Previously Announced Exchange Offer
11/30/201619:39:53Ocwen Announces Extension of the Expiration Date of Previously...
11/16/201606:55:00Ocwen Announces Results of Previously Announced Exchange Offer...
11/15/201616:23:04Amended Statement of Beneficial Ownership (sc 13d/a)
11/01/201612:47:15Ocwen Announces Offer to Exchange Any and All Outstanding 6.625...
10/31/201623:45:15Ocwen In Ongoing Negotiations to Refinance its Senior Unsecured...
10/27/201606:06:04Quarterly Report (10-q)
10/26/201616:30:43Current Report Filing (8-k)
10/26/201616:20:00Ocwen Financial Announces Operating Results for Third Quarter...
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...

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