EconomyUSA: Mortgages and Foreclosures: Goldmann Sachs divests in Litton Loans, the mortage creep biz

Financial T+mz [UK] summarizes the last choreography whereby Goldmann Sachs woud sell its money-losing Litton Loan Servicing programme, to get out of direct t+z to the mortgage loaners and foreclosures, w+dly regarded as the dirtiest most duplicitous business in America.

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Goldman considers selling mortgage servicer

Goldman Sachs is considering a sale of its Litton Loan mortgage-servicing division, a move that would potentially end the bank’s foray into the business of collecting home loans and foreclosinghttp://link.ft.com/r/R5WAEE/LQVIB1/LYDA6/KEV99R/HDLXCM/SN/h?a1=2010&a2=12&a3=2

US stocks rise on positive housing data Financials surged, leading US stocks higher after a surprisingly strong report on the housing market and a sector upgrade from analysts at Goldman Sachshttp://link.ft.com/r/XYEWFF/ZBQGAE/1HTJY/KEVQDT/NSO9YD/D5/h?a1=2010&a2=12&a3=3

-- EconoMix