Saxon Mortgage parent company Morgan Stanley agreed to pay millions of dollars to the state of Massachusetts to end an investigation into its role in loaning billions to a company that gave mortgages to unqualified borrowers.
The financial services firm, which funded subprime loans throughout the country, agreed to give Massachusetts a settlement of $102 million [...]
Lawsuits
Saxon Mortgage parent company Morgan Stanley has been sued over risky collateralized debts. The lawsuit filed Dec. 24 in Manhattan federal court said Morgan Stanley collaborated with credit rating agencies Moody’s Investors Service and Standard & Poor’s to obtain “triple-A” ratings for notes marketed in 2007 as part of a collateralized debt obligation (CDO) [...]
EH in Michigan said: “I am an insurance repair contractor in MI. My company did repairs on a home with a Saxon mortgage. The insurance company, as required, sent a check with the homeowners name, my company’s name and Saxon on the check. Saxon required us to send the endorsed to [...]
A customer asks: “Is it possible to be considered for addition to the class action lawsuit list? After reviewing the postings about Saxon Mortgage, much of what everyone has endured sounds exactly like what we have been through.
We started modification in October of 2008 and now we are conditionally ‘approved’ for [...]
DK in Connecticut said: “CT attorney general has been notified about SAXON. I hope to sue. Anybody else in CT wants to sue Saxon Mortgage can call CT A.G and give info so we can make these greedy scumbags get real and provide some kind of service that they claim to provide. This [...]