Goldman To Sell Mortgage Unit For $500M

Goldman Sachs is set to offload its mortgage servicing division Litton Loan Servicing.

Goldman Sachs is set to offload its mortgage servicing division Litton Loan Servicing, Financial Times reports. Ocwen Financial will buy the unit.

The sale is expected to fetch about $500 million. Litton was acquired by Goldman for about $430 million in December 2007.

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