Goldman to Sell Litton Loan Servicing to Ocwen Financial for $264 Million

Categorized | STOP FORECLOSURE FRAUD

Goldman to Sell Litton Loan Servicing to Ocwen Financial for $264 Million

Goldman to Sell Litton Loan Servicing to Ocwen Financial for $264 Million

Just recently it was announced that the NY Fed is probing Goldman Sachs mortgage servicing unit Litton Loan Servicing

BLOOMBERG-

Goldman Sachs Group Inc. (GS) agreed to sell Litton Loan Servicing LP to Ocwen Financial Corp. (OCN) for $263.7 million in cash, ending the New York-based bank’s 3-1/2 year experiment in processing home-loan payments.

In addition to the cash payment, which may be adjusted at closing, Ocwen will pay about $337.4 million to retire some of Litton’s debt, according to a filing by West Palm Beach, Florida-based Ocwen. The sale of Litton comes two months after Goldman Sachs wrote down the value of the mortgage-servicing business by about $200 million.


© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8610 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

One Response to “Goldman to Sell Litton Loan Servicing to Ocwen Financial for $264 Million”

  1. Felicia S says:

    How does this sale help the homebuyers? I have been struggling with Litton loan to get accurate information on my home modification and still no resolution. They have lost paperwork I have sent multiple times. Will this acquisition help the consumer?

Trackbacks/Pingbacks


Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Advertise your business on StopForeclosureFraud.com
Kenneth Eric Trent, www.ForeclosureDestroyer.com

Archives