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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)
10/01/201506:03:31Current Report Filing (8-k)
09/28/201516:25:00Ocwen and the NAACP New York State Conference Bring Solutions...
09/24/201511:40:00Ocwen to Cut 10% of U.S. Workforce
09/24/201510:30:00Ocwen Announces Workforce Reduction at Waterloo, Iowa Facility
09/22/201508:15:00Ocwen Receives Valuable Advice From Community Advisory Council
09/21/201520:46:17HomeFree-USA Presents Ocwen CEO Ron Faris the Community Champion...
09/18/201517:01:17Current Report Filing (8-k)
09/15/201506:08:14Current Report Filing (8-k)
09/11/201517:24:32Current Report Filing (8-k)
09/10/201510:09:22Amended Statement of Ownership (sc 13g/a)
09/09/201517:09:50Statement of Changes in Beneficial Ownership (4)
09/02/201510:03:00NAACP and Ocwen Hosting "Help & Hope for Homeowners" Event On...
08/28/201516:26:00Initial Statement of Beneficial Ownership (3)
08/28/201516:25:09Initial Statement of Beneficial Ownership (3)
08/28/201516:23:53Initial Statement of Beneficial Ownership (3)
08/20/201507:39:23Current Report Filing (8-k)
08/13/201516:21:28Amended Statement of Ownership (sc 13g/a)
08/06/201516:13:08Statement of Ownership (sc 13g)
08/06/201510:29:06Amended Statement of Beneficial Ownership (sc 13d/a)
08/05/201514:25:02Statement of Changes in Beneficial Ownership (4)

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