Tag Archives: Bank of America

More confusion at Saxon SCI with modifications and foreclosure

ML in Lousianna said this today: “Saxon has sent me a letter saying that I did qualify for a home loan modification and 6 weeks later sent a denial letter and approved the foreclosure process to go forward.”

Saxon Mortgage only modified 42 mortgages, dead last

For weeks consumer advocates at watchdog organization listened to and read reports of how well Saxon Mortgage modified mortgages. Many of those reports were false or misleading.

Citigroup hires 1400 people while Saxon adds 30

A few months ago Morgan Stanley said Saxon Mortgage would hire “up to thirty people” to help with Saxon’s backlog. Somehow Saxon claims to lead the field with 25 percent of mortgages modified. Something is wrong with those numbers.

Payments to Saxon don’t show up when mailed to Iowa

B in Kentucky said: “I have been trying to get a loan modication from Saxon for 8 months the keep tell use in the process but nothing is being done. Saxon Mortgage keep telling us to send money – a big amount to a bank account in Iowa to keep the house from foreclosure, but [...]

John Stewart bashes financial idiots and thieves

From CNBC to Lehman Brothers, Merrill Lynch, Bank of America, for over 8 minutes we can watch John Stewart on The Comedy Channel, moving our problems to the back burner for a minute or two.