Goldman Sachs has sold its Litton Loan Servicing unit to Ocwen Financial for $264 million, much less than the $428 million Goldman paid for it in 2007. Goldman, which also assumed more than $900 million in debt when it purchased the subprime mortgage servicing subsidiary, said the loss would not likely affect its earnings since it had taken a write-down in the first quarter largely related to Litton.

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