Saxon Mortgage parent Morgan Stanley sued over CDO

Saxon Mortgage parent company Morgan Stanley has been sued over risky collateralized debts. The lawsuit filed Dec. 24 in Manhattan federal court said Morgan Stanley collaborated with credit rating agencies Moody’s Investors Service and Standard & Poor’s to obtain “triple-A” ratings for notes marketed in 2007 as part of a collateralized debt obligation (CDO) known …

Saxon Mortgage servicing Deutsche Bank loans result in no modifications

MR sent this analysis and opinion of Saxon Mortgage and trial modifications: “Saxon Mortgage servicing Deutsche Bank loans – They do not want to make the modifications. And why would they? The government has provided a way for them to disguise their “Help” by providing money to these servicers to enter people into this HAMP …