Home Loan Servicing Solutions, which was recently formed to acquire Ocwen Financial's mortgage servicing business, announced terms for its IPO on Wednesday. The George Town, Cayman Islands-based company plans to raise $275 million by offering 18.3 million shares at a price of $15 and will command a market value of $285 million. Home Loan Servicing Solutions plans to list on the NASDAQ under the symbol HLSS and has selected Wells Fargo and Barclays Capital to lead manage the IPO. Timing for the offering has yet to be announced.
