Goldman Sachs Group (NYSE:GS) Unloads Litton

Goldman Sachs Group (NYSE:GS) has decided to sell its mortgage servicing unit Litton Loan Servicing LP. Goldman Sachs Group (NYSE:GS) Unloads Litton Goldman Sachs Group (NYSE:GS), one of the biggest banks in U.S., announced that it will sell its Houston-based mortgage servicing unit Litton Loan Servicing LP as the unit could not deliver the expected business. Goldman Sachs Group (NYSE:GS) acquired Litton in 2007 to earn profit from buying discounted loans. The unit is facing investigations on using falsified paperwork and may have to pay fines. Michael DuValley, a spokesman for Goldman Sachs Group (NYSE:GS), said, "Goldman Sachs Group (NYSE:GS) is exploring strategic options for Litton Loan Servicing, which include a possible sale." Goldman Sachs Group (NYSE:GS) stocks are currently standing at 157.25. Price History Last Price: 157.25 52 Week Low / High: 129.5 / 186.41 50 Day Moving Average: 166.05 6 Month Price Change %: 2.6% 12 Month Price Change %: -9.5%
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