Goldman Sachs’s Litton Loan Servicing Unit Halts Foreclosures
Litton Loan Servicing LP, a mortgage- servicing business owned by Goldman Sachs Group Inc., said it’s halting some foreclosures to review how they’re handled.
“Litton Loan Servicing has suspended foreclosure proceedings in certain cases while it completes a review of its procedures,” Donna Marie Jendritza, a spokeswoman for Litton, said in an e-mailed statement.
Michael DuVally, a spokesman at Goldman Sachs in New York, declined to comment and referred requests for information to Jendritza. The Associated Press reported Litton’s foreclosure freeze earlier today.
Bank of America Corp., which had halted foreclosures in 23 states, said today it would extend the moratorium nationwide. JPMorgan Chase & Co. and Ally Financial Inc. have imposed partial halts.
To contact the editor responsible for this story: Alec McCabe at email@example.com.