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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)
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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)
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05/13/201606:02:49Current Report Filing (8-k)
05/03/201612:27:00Statement of Changes in Beneficial Ownership (4)
05/03/201609:45:00Update in Lawsuit for Investors in Ocwen Financial Corp (NYSE:OCN...
05/02/201606:05:05Amended Statement of Beneficial Ownership (sc 13d/a)
04/28/201606:10:38Quarterly Report (10-q)
04/27/201618:20:00Ocwen Reports Worse-than-Expected Loss, Shares Tumble
04/27/201616:46:35Current Report Filing (8-k)
04/27/201616:20:00Ocwen Financial Announces Operating Results for First Quarter...
04/22/201617:07:10Statement of Changes in Beneficial Ownership (4)

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