The Foreclosure Rescue Mirage by Andy Kroll

When people read the news they get the spin, depending on the source. For instance, one source would lead people to believe that Saxon Mortgage is the best in foreclosure prevention, mortgage modifications, and corporate citizen of the year. Others tell a different story: Fausto Ordoñez tells his story for what must be the 10th …

Saxon Mortgage managers, team leaders, supervisor are no help

A Denver homeowner said: “Saxon Mortgage needs to be stopped!! They enter into a modification agreement, take you money and then refuse to honor their own agreement. I attempted to deal with Saxon for over 2 years to get a loan modification in place. Phone calls to Saxon supposed customer service department were answered by …

Almost half of all mortgages underwater by 2011 – See how

Austin Kilgore wrote an article about predictions from Deutsche Bank concerning the mortgage market and the financial position of homeowners. While we certainly saw mortgage blues on the horizon well before the summer of 2007, Kilgore’s article shocked even us. By 2011, Deutsche predicts 89% of option ARM borrowers will be underwater, up from 77% …

Are Saxon Mortgage homeowners late on all bills?

If a new report from Deutsch Bank is correct there could be trauma and financial problems ahead for Saxon Mortgage Servicers. The report claims almost half of all home mortgages will be underwater by 2011. See more at Mortgage Blues. Some initiatives to help homeowners are indeed successful, while others claim they help very few. …