Goldman Sachs Group is seeking options for its mortgage-servicing unit, Litton Loan Servicing unit, including a possible sale, The Wall Street Journal reports. The New York-based lender acquired Litton for $428 million plus $916 million in debt payments.
Goldman acquired the Texas-based mortgage-loan servicer from C-BASS, a subprime mortgage investment firm, adds New York Times. The sale of Litton would also include negotiations about potential litigation costs.
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