Fremont Sells Remaining MSRs to Litton

Fremont General Corp., Brea, Calif., has completed the sale of the remaining mortgage servicing rights on its $12.2 billion portfolio to Litton Loan Servicing. Fremont received support for the sale agreement from the California Department of Financial Institutions and the Federal Deposit Insurance Corp. The troubled California thrift's stock was suspended from the New York Stock Exchange earlier this year and now trades via the "pink sheets" service. Litton Loan Servicing is an affiliate of Goldman Sachs & Co.

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