By Meredith Lepore
It’s no wonder Goldman Sachs is having trouble trying to sell its mortgage servicing unit, Litton Loan.
The allegations against the unit are absolutely horrific– from not returning calls for six months to charging clients for insurance they don’t need and even locking people out of their house and robbing them, they are lawsuits waiting to happen.
Analysts expect the lawsuits to surface as the complaints about the mortgage operation are numerous and keep popping up.
Goldman acquired the company in 2007 for $470 million. Good luck with the sale.