Changes in Credit Card Terms Can Make You See RED.

Lucky for my readers, I went to “Charm School”. If not for that I’d be foaming at the mouth and posting obscenities. Now I say, “That’s NICE.” I received changes in terms from my credit card provider. My periodic rate raised 5% for new purchases. That’s NICE. In September 2008 my periodic rate was 15.99%. …

Saxon Mortgage watchdog ready for complaints

A website dedicated exclusively to watching Saxon Mortgage, a mortgage servicer owned by Morgan Stanley, claims to be ready for a flood of complaints. “Unlike other web sites that receive complaints about many companies, we are specialized,” said a programmer for Saxon Mortgage Watch. Saxon Watch will study complaints, check for trends, and determine if …

Saxon Mortgage stops foreclosures until March 6

Morgan Stanley placed a moratorium on foreclosing on some home loans to give the government time to launch a $50 billion mortgage relief program. The moratorium announcements come days after major bank chief executives committed to pausing mortgage foreclosures at a Congressional hearing. Although I wonder about Morgan Stanley’s ability to govern or be heard …