Ocwen Financial Corp. Wednesday said it has completed a $365 million securitization of subprime loans in the United Kingdom, the largest such transaction there.

The securitization is backed by loans made by City Mortgage, the British subsidiary of Cityscape Financial Corp., an Elmsford, N.Y., subprime lender.

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.