Goldman Sachs to Sell Litton Loan Servicing
June 06, 2011 10:14 AM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--The Goldman Sachs Group, Inc. (NYSE: GS) today announced
that it has agreed to sell Litton Loan Servicing to Ocwen Financial Corporation (NYSE:OCN) for approximately
$264 million. The sale price does not reflect certain assets that Goldman Sachs will retain.
Goldman Sachs does not expect the sale to have any material impact on earnings in the second quarter due to the
combination of the sales price and the impairment charge announced in the first quarter of 2011 primarily related to
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm
that provides a wide range of financial services to a substantial and diversified client base that includes corporations,
financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New
York and maintains offices in all major financial centers around the world.
The Goldman Sachs Group, Inc.
Michael DuVally, 212-902-5400
Dane Holmes, 212-902-0300