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Litton Loan Servicing

Attorney General Coakley Reaches Affordable Loan Modification and Foreclosure Prevention Agreement with Purchaser of Fremont Servicing Rights

by Moe Bedard

Mass. AG Press Release BOSTON – Attorney General Martha Coakley’s Office has entered into an agreement with Texas- based Litton Loan Servicing LP (“Litton”) that provides significant benefits to approximately 1,100 borrowers holding loans originated by Fremont Investment & Loan (“Fremont”).  The Fremont loans were the subject of the Attorney General’s recently settled enforcement action [...]

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Goldman Sachs mortgage company cleared to give aid

by Moe Bedard

WASHINGTON, Aug 14 (Reuters) – A mortgage finance company owned by Wall Street bank Goldman Sachs (GS.N) could garner $775 million in government rescue funds if the company aggressively eases the terms of failing home loans, the U.S. Treasury said on Friday.

Read more from Reuters

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Litton Loan Servicing Signs Treasury Agreement for Federal Loan Modification Program

by Moe Bedard

HOUSTON–(BUSINESS WIRE)–Litton Loan Servicing is pleased to announce it has signed the agreement with the U.S. Department of the Treasury to participate in the Home Affordable Modification Program (HAMP). Since March, Litton has offered more than 38,000 modifications to struggling homeowners using terms in accordance with the broad principles of HAMP, and has built infrastructure [...]

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Litton Loan Servicing, an Affiliate of Goldman Sachs, Closes Deal on Fremont General’s Servicing Rights

by Moe Bedard

The servicing business has been going through some changes lately in the form or mergers and acquisitions. Obscene profits can be made in the servicing arena. Especially in today’s market of delinquencies and defaults.
All this spells is extra fees and income for today’s servicers.
So, it is no surprise that Litton, an affiliate of Wall Street [...]

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Goldman Sachs to Cash in Big Time With the Litton Loan Servicing Purchase

by Moe Bedard

This is a very interesting purchase by Goldman Sachs. The question that many people will ask is “why the hell would anyone want to buy a company that services a tremendous amount of  adjustable rate mortgages; AKA, suprime slime?”
Because servicing subprime mortgages is a very profitable business, that’s why!
Take this quote for Bloomberg;
Subprime loans are made to [...]

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Talk to Litton to Modify Your Loan Today

by Moe Bedard

You need to know the facts to stop foreclosure with Litton. Many people are unaware that you can obtain a loan workout with your lender to modify your loan. However you will still need to qualify for the type of loan modification on of your mortgage based on your ability to pay.
Litton Loan Services has announced that [...]

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