ROME - Ocwen Financial Corp., a West Palm Beach, Fla., company that buys mortgages and mortgage securities, said it will set up a company with FBS SpA to service Italian mortgage loans.

Ocwen.FBS SpA will be the "first international servicer of distressed Italian mortgages," and Ocwen Financial and FBS will each own half of the company.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.