Relevant:
- Goldman Sachs Will Sell Litton Loan Servicing to Ocwen for $264 Million
- Goldman Sachs Said to Be Poised to Sell Litton Mortgage Business to Ocwen
- As Foreclosure Crisis Deepens, Another Servicer Scam Exposed
- Goldman Sachs Took Biggest Loan From Undisclosed 2008 Fed Crisis Program
- NY Fed Probing Goldman Mortgage Servicing Unit
2012-04-11 — propublica.org
Yesterday, we published "The Great American Foreclosure Story," our latest Kindle Single. The narrative gives readers a comprehensive look at the foreclosure crisis. Part of that story is the government's inadequate response, particularly its Home Affordable Modification Program, HAMP. In the excerpt below, Chris Wyatt, a former employee of Litton Loan Servicing, then a Goldman Sachs subsidiary, tells what it was like at the company during the program's first, crucial years.
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