With TARP money, bonuses paid but foreclosures continue at Saxon Mortgage

Morgan Stanley executives received their bonuses, and the bank received TARP money. Has it helped Morgan Stanley’s saxon Mortgage? This is a quote well worth reading: After the Haywoods bought this house, their mortgage was packaged with thousands of others and sold to investors — a common practice on Wall Street. Their mortgage ended up …

Another Georgia bank fails – what is wrong in Georgia?

Omni National, with $980 million in assets, was shut by the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. was named receiver, the OCC said today in a statement. The Federal Reserve on March 17 ordered the bank to bolster its capital and make improvements in accounting controls within 30 …

Saxon Mortgage Services allegedly sued in Pennsylvania

TB said: “Yes, Saxon is currently being sued through an attorney’s office out of Pennsylvania. They are moving pretty quick about it too. All researched and proved to be legit. Also recommend keeping copies of the timeline and any correspondences with the company. (dates, times, names, etc) I’ve been keeping records since November. Just after …