A public offering launched by Home Loan Servicing Solutions raised $316 million this past week. 

Proceeds are slated to cover the servicer’s planned acquisition of Ocwen mortgage servicing assets. 

Overall, the company sold 14.16 milion shares of stock at a price of $23.

Some of the money will also be used to pay off debts, both unrelated and related to the sale of the shares.

HLSS is a spin-off of Ocwen and a frequent purchaser of its mortgage assets. In press materials, HLSS stresses that it is “internally managed.”

 

Most Popular Articles

FHA loan limits increasing for almost all of U.S. in 2020

Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.

Dec 05, 2019 By

Latest Articles

HousingWire is growing. Come join us

2019 has been a year of tremendous audience and product growth for HousingWire and we couldn’t be prouder. But we’re not ready to rest on our laurels. Far from it. In fact, 2020 promises to be an even bigger year for HousingWire.

Dec 06, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please