Ocwen Financial Corp. is marketing $500 million of notes backed by reimbursement rights to funds it has advanced on residential mortgages that it services.

The two-part transaction marks Ocwen’s first trip to the securitization market since November 2015. It consists of $200 million of Series 2016-T1 two-year notes and $300 million of Series 2016-T2 three-year notes, according to Standard & Poor’s.

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