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Goldman Sachs(GS Quote) is the latest in a string of buyers interested in acquiring mortgage-servicing businesses.
The New York brokerage titan is reportedly in acquisition talks with Litton Loan Servicing, the Houston-based residential subprime mortgage servicer that is a subsidiary of Credit-Based Asset Servicing & Securitization, more commonly called C-Bass.
Litton specializes in servicing the most troubled loans, defined as "seriously delinquent mortgage loans." The firm has a loan portfolio of approximately $55 billion, according to its Web site. ...
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