(Reuters) – Goldman Sachs (GS.N) is pondering the sale of Litton Loan Servicing LP, the bank’s mortgage servicing unit that was recently caught in the home  foreclosure storm, the Financial Times said, citing people familiar with the situation.

If the sale happens, it would spell an end to Goldman’s three-year foray into the business of collecting home loans and foreclosing on delinquent borrowers, the newspaper said.

Goldman, which had bought Litton in 2007, has been approached by at least one potential buyer but the talks broke down over price and the sale is not yet imminent, the paper said.

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