Recent Articles
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.
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.
She did not disclose her location but this is what someone named Eve had to say: “I hate Saxon Mortgage.. my payment is due by the 1st with a grace period of 15 days.. I alway pay my mortgage by the 15 day grace period… Saxon starts calling me on the second and then every other day unil I make my payment, every time I explain that I just spoke with someone and although my house payment may be considered late I am still within the grace period. Its annoying!
Rl in Minnesota said: “My husband (Rick) and I have had the same problem as all of the others. Did not receive the information, paperwork is coming so on and so forth. In March we received a foreclosure notice.
CR in Georgia said: “I have been working with my lender for well over a year trying to get my mortgage modified. Due to a serious illness, I have been unable to pay my mortgage. I sent in all required and asked for information in hopes of getting my loan modified. I kept getting turned down. This year I went to a NACA sponsored event in California and met with my lender. They informed me that the investor (Morgan Stanley) had me in a type of mortgage that allows no changes (modifications) to my loan.