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Now Goldman Sachs Is Freezing Foreclosures
Published:
Monday, 11 Oct 2010 | 4:47 PM ET
Text Size 
By: John Carney
Senior Editor, CNBC.com
Senior Editor, CNBC.com
One by one, the foreclosure mills are grinding to a halt.
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Getty Images The Goldman Sachs booth on the floor of the New York Stock Exchange |
Today Goldman Sachs [GS
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] said that its mortgage servicing unit, Litton Loan Sevicing LP, will halt some of its foreclosures. It is reviewing how its documents are handled.
“Litton Loan Servicing has suspended foreclosure proceedings in certain cases while it completes a review of its procedures,” Litton said in an e-mailed statement to the press.
Zerohedge predicted that every major mortgage servicer will suspend foreclosures by the end of the week. That looks like a prescient call to us.
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