Goldman Sachs suspends some foreclosures

Better late than never.

Goldman Sachs’ mortgage servicing unit has suspended evictions and foreclosures in some states, according to a regulatory filing Tuesday.

Goldman has been reviewing the practices of its Litton Loan Servicing unit after regulators and states attorneys general asked for information about its practices, as part of an industry-wide probe into banks’ foreclosure practices, the firm said.

“Litton has temporarily suspended evictions and foreclosure and real estate owned sales in a number of states, including those with judicial foreclosure procedures,” Goldman said in a filing with the U.S. Securities and Exchange Commission Tuesday.


An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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