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August 26, 2011 2:14 PM ETThrifts and Mortgage FinanceLitton Loan Servicing, LP
SnapshotPeople
Company Overview
Litton Loan Servicing, LP provides residential mortgage loan services. The company serves loans made to homeowners in the United States. Litton Loan Servicing, LP was formerly known as Litton Mortgage Servicing Center, Inc. The company was founded in 1988 and is based in Houston, Texas. As of December 10, 2007, Litton Loan Servicing, LP operates as a subsidiary of Goldman Sachs Bank USA.

4828 Loop Central Drive

Houston, TX 77081

United States

Founded in 1988
Phone:
713-960-9676

Fax:
713-960-0539

www.littonloan.com
Key Executives
Mr. Larry B. Litton
Founder
Compensation as of Fiscal Year 2011.
Key developments for Litton Loan Servicing, LP
Ocwen Reportedly Close To Acquiring Litton Loan
06/3/2011
The Goldman Sachs Group Inc. is close to divesting Litton Loan Servicing LP to Ocwen Financial Corp., a person briefed on the negotiations said. The person stated that the sale Litton Loan is likely to be announced within days.

Ocwen Financial Eyeing Litton Loan Servicing
05/30/2011
According to investment bankers and others close to the situation, Ocwen Financial Corp. is one of at least three investors recently invited by The Goldman Sachs Group, Inc. to make a final round of bids on Litton Loan Servicing, LP. Advisors familiar with the company have stated that Ocwen is actively looking at other acquisitions as well, including Saxon Mortgage, the servicing arm of Morgan Stanley & Co. “They’re interested in doing ‘roll-ups,'” said one servicing manager. When contacted by National Mortgage News, all of the companies involved either declined to comment or did not return telephone calls about the matter.

Goldman Reportedly Close To Sell Litton Loan To Ocwen
05/20/2011
The Goldman Sachs Group, Inc. is close to sell Litton Loan Servicing, LP to Ocwen Financial Corp., sources familiar with the situation said this week. The talks may fall apart as a deal has not been reached yet. Goldman and Ocwen declined to comment to Reuters.

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