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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)
05/01/201511:29:46Why Ocwen Financial Corp. Shares Jumped Today
05/01/201510:18:36Ocwen Financial Corp Price Target Increased to $11.00 by Analysts...
05/01/201504:09:56Ocwen Financial Corp PT Lowered to $6.50 (OCN)
05/01/201503:51:37Ocwen Financial Corp Upgraded to Buy at Sterne Agee CRT (OCN)
04/30/201517:40:23Ocwen's Profit Slides 43%
04/30/201516:32:10Ocwen Financial Announces Preliminary Operating Results for First...
04/29/201506:08:48Current Report Filing (8-k)
04/28/201520:19:51Ocwen Financial Corp Stock Rating Lowered by Vetr Inc. (OCN)
04/24/201519:00:02Why Ocwen Financial Corp Is Getting Rid of this $89 Billion Portfolio
04/23/201517:21:43Why Shares of Altisource Portfolio Solutions S.A. Surged Today
04/23/201513:46:21Ocwen Financial Corporation Schedules Conference Call - 1st Quarter...
04/20/201511:00:00Ocwen Hosts Sixth Annual Housing Advocacy Forum and Policy Luncheon
04/20/201508:20:02Current Report Filing (8-k)
04/17/201517:42:25Ocwen Financial Announces Amendment to Senior Secured Term Loan
04/14/201523:01:19Ocwen Reports Preliminary $598.4 Million Loss
04/14/201508:15:31Current Report Filing (8-k)
04/14/201507:54:05Ocwen +2.3% after preliminary results, positive outlook
04/14/201507:30:00Ocwen Financial Announces Preliminary Operating Results for Fiscal...
04/10/201517:09:49Current Report Filing (8-k)
04/07/201513:48:43Ocwen Financial Corp Shares Pop as HLSS Deal Terms Change

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