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December 14, 2007
C-BASS LLC Completes Sale Of Litton Loan Servicing
Credit-Based Asset Servicing and Securitization LLC (C-BASS), headquartered in New York, has successfully completed the sale of Litton Loan Servicing to Goldman Sachs. The sale of Litton was a key step for C-BASS to reach a long-term agreement with its secured and unsecured creditors on Nov.13, the company says. The terms of the transaction were not disclosed.
Posted by S. Germain at December 14, 2007 08:11 AM