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Mortgage Servicing

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Update: Goldman Sachs Takes Lead in Potential Deal for Litton Loan Servicing 

Oct 02, 2007By

Bloomberg is reporting tonight that Fannie Mae is no longer pursuing Litton Loan Servicing, the special servicing arm associated with troubled scratch-and-dent operation C-BASS. Instead, it now appears that Goldman Sachs will be the latest Wall Street investment bank to own its own servicing shop: Goldman Sachs Group Inc. may buy Litton Loan Servicing LP, the Houston-based servicer of U.S. subprime mortgages, said people with knowledge of the matter …

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