Goldman Sachs to buy mortgage lender Genesis Capital

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(Oct 12): Goldman Sachs Group Inc will buy mortgage lender, Genesis Capital LLC, for an undisclosed amount.

Genesis is being acquired from funds managed by Oaktree Capital Management LP, according to a statement from Genesis on Thursday.

Genesis was advised by Wells Fargo Securities.

Goldman Sachs was advised by Goldman Sachs & Co LLC and legal counsel was provided by Davis Polk & Wardwell and Mayer Brown LLP.