September 14, 2011 – 6:06 AM
We knew Saxon Mortgage carried some bad loans, but they now belong to Ocwen. Soon Saxon Mortgage will be gone all together. Morgan Stanley is said to be closing the window for eligible bids on its mortgage servicer, Saxon Mortgage, according to sources familiar with the process.
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September 4, 2011 – 3:39 AM
There is a possibility that Saxon Mortgage Services could be gone all together. Personally I just want Saxon out of my life and will sell the home they service. A sale of the mortgage unit, which Morgan Stanley acquired in 2006 during the height of the housing bust, kicked off in the past several weeks.
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September 3, 2011 – 4:52 AM
WASHINGTON -(Dow Jones)- Subsidiaries of Bank of America Corp. (BAC) and Morgan Stanley (MS) will pay more than $22 million to settle charges that they wrongfully foreclosed on active-duty military members without first obtaining court orders, the Justice Department announced Thursday.
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September 3, 2011 – 4:48 AM
HAMP was started in February 2009 by the Treasury Department and the Federal Housing Finance Agency after the foreclosure crisis. Under the plan, at least $75 billion was directed to participating mortgage-servicing companies to help financially distressed mortgage-holders modify their mortgages.
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September 3, 2011 – 4:46 AM
A class action lawsuit has been filed in Federal Court in New York against Saxon Mortgage Services Inc., the Morgan Stanley mortgage servicer division, for failing to fulfill its obligations under the federally-sponsored Home Affordable Modification Program (HAMP) to homeowners in financial distress.
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By Timothy Blake
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Posted in Lawsuits
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Tagged Deborah Pandit, HAMP, lawsuit, loan, Long Island, Marie Gaudin, modifications, mortgage, N.Y., New York, Northern District, Saxon, saxon mortgage, Saxon Mortgage Services, saxon mortgage services inc
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