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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 300,000 mortgages worth some $40 billion. California, Florida, and Texas are its largest markets. Troubled former parent company Credit-Based Asset Servicing and Securitization (C-BASS for short) sold the firm to Goldman Sachs in late 2007 in order to raise capital. Litton Loan Servicing was founded in 1988 by Larry Litton Sr., who remains president and CEO of the company.
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| | | Contact Information | |
Address: |
4828 Loop Central Dr.
Houston, TX 77081
| | Phone: | 713-960-9676 | | Fax: | 713-966-8830 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2007): | 315.30 M | | Employees (2007): | 1,190 |
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Key People
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President and CEO:
Larry B. Litton Sr.
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COO:
Larry B. Litton Jr.
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