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 …

Saxon Mortgage problems are not all Novastar issues

When Novastar Financial of Kansas City went broke nobody really cried about it. This is a press release from October 16, 2007: Troubled subprime lender NovaStar Financial, Inc. said late today that it will sell its entire servicing rights to Saxon Mortgage Services, Inc. in a bulk deal that pulls the rug out of NovaStar’s …

Saxon Mortgage phone calls like NovaStar or a shady lender

We receive reader input almost every day. Last summer we wrote about mortgage lenders and servicers that call customers, often before the due date. Many of those lenders are gone, erased from the financial landscape altogether. Nobody will miss them. But it seems Saxon Mortgage has joined this group. Calling customers well before the payment …