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Goldman Sachs and Morgan Stanley entered the mortgage servicing business through acquisitions. Goldman Sachs bought Litton Loan Servicing LP in 2007 and Morgan Stanley bought Saxon Capital Inc. in 2006, before a housing market collapse that led
to the worst financial crisis since the Great Depression.

Photographer: Jin Lee/Bloomberg

Goldman Sachs and Morgan Stanley entered the mortgage servicing business through acquisitions. Goldman Sachs bought Litton Loan Servicing LP in 2007 and Morgan Stanley bought Saxon Capital Inc. in 2006, before a housing market collapse that led to the worst financial crisis since the Great Depression.
January 09, 2013
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