Home Loan Servicing Solutions, a recently formed company planning to acquire Ocwen Financial's mortgage servicing business, revised terms for its IPO on Thursday. The company cut 5 million shares from their initially planned 18.3 million share offering and is now planning to raise $200 million at a price of $15.00 per share. At the proposed price, Home Loan Servicing Solutions will command a market value of $210 million. The company was founded in 2010 and plans to list on the NASDAQ under the symbol HLSS. Wells Fargo Securities, Barclays Capital, and Citi are the lead underwriters on the deal.
