Morgan Stanley (MS +2.2%) is considering selling off Saxon Mortgage Services, the servicer it...

|About: Morgan Stanley (MS)|By:, SA News Editor

Morgan Stanley (MS +2.2%) is considering selling off Saxon Mortgage Services, the servicer it acquired at the height of the housing boom for about $700M, the New York Post reports. It's the thing to do, as Goldman Sachs (GS +0.4%) also shops its Litton unit - possibly to Ocwen Financial (OCN +0.9%), which paid $7B to Saxon for a servicing portfolio last year.