Goldman Sachs will raise about $600 million from the sale of its mortgage servicing unit, Reuters reports. The Litton Loan Servicing unit will be acquired by Ocwen Financial for $263.7 million in cash.

Ocwen will also pay off $337.4 million of Litton’s debt to Goldman with a new $575 million loan. The new loan has been provided by Barclays, which also advised Ocwen on the deal.

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