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) [...]
Archive for December, 2009
Dee, no location given, said: “We have experienced all the same issues everyone on this site has. We’ve been in modification “discussions” for over a year. Funny, but I always thought people actually had to TALK to you to have a discussion.
Saxon Mortgage Services first sent a modification (pre-HAMP), and [...]
Maria in California said: “I made partial payments on my mortgage and Saxon Mortgage would not return my money instead they put the money in an account called suspense account and no one notified me as to what was going on.
I believe that Deutsche Bank owns the note and in the end they will [...]
MR sent this analysis and opinion of Saxon Mortgage and trial modifications: “Saxon Mortgage servicing Deutsche Bank loans – They do not want to make the modifications. And why would they? The government has provided a way for them to disguise their “Help” by providing money to these servicers to enter people [...]
Adding to the total number of complaints about Saxon Mortgage Services JH in Texas said this: “Is there anyone on here able to help or is it just to blow off steam? I could certainly use some help with Saxon Mortgage Services as I’m sure a lot of others could too.
Could we all [...]