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Litton Loan Servicing collects principal and interest payments on prime and subprime residential mortgages, including Federal Housing Administration, Veterans Administration, and manufactured home loans. The company's loan portfolio includes approximately 400,000 mortgages worth more than $55 billion. Troubled former parent company Credit-Based Asset Servicing and Securitization (C-BASS for short) sold the firm to Goldman Sachs for some $430 million in late 2007 in order to raise capital. Litton Loan Servicing was founded in 1988 as a subservicer of problem loans in the wake of the Texas real estate bust by Larry Litton Sr., who remains president and CEO of the company.
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Address: |
4828 Loop Central Dr.
Houston, TX 77081
| | Phone: | 713-960-9676 | | Fax: | 713-966-8830 |
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Key People
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Chairman:
Larry B. Litton Sr.
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President and CEO:
Larry B. Litton Jr.
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COO:
Shane Ross
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