Treasury Grants Another $4.7bn to HAMP Servicers including Saxon

There is something wrong with Saxon Mortgage modification numbers. One customer reported that she inquired about a modification but did not elect to participate. Paperwork from Saxon Mortgage showed her in a modification program anyway. It was not true. There was no mortgage modification. So why are we reading this in the news today? — …

Faulty data rates Saxon Mortgage as number one for mortgage modifications

Did you wonder how Saxon Mortgage was rated the best for mortgage modifications? Did you fail to get a mortgage modification while reading news reports about Saxon? We question the numbers, as news reports claim Saxon Mortgage Services modified 36 percent of their loans. The information could be flawed, based only on interviews with senior …

Former Saxon Mortgage employee speaks out

We received some great insight today and share it with you. Our supporting material follows this: If you have a mortgage where Saxon is the servicer. Refinance. Find any company that will take you but Saxon Mortgage. Take it from me. I worked in a call center for them. I was an inbound collections rep. …

Deutsche Bank, Novastar, and Saxon Mortgage Tie-in

This is an update to an earlier article about determining who the investor is relative to your mortgage serviced by Saxon Mortgage Services Inc. We received a reply from Saxon today. “Your loan is included in a pool of loans that have been securitized and are held in Trust. The Trustee is Novastar Mortgage Funding …