On February 20, 2009, we published our first consumer complaint about Saxon Mortgage. It is now December 15th, 2009, and we have published 137 complaints. We will receive more complaints about Saxon Mortgage before the year is over.
As of today there are 209 articles and 180 comments published here at Saxon Watch.
In addition to published complaints many of our readers published their comments. Reader comments often reflect similar complaints, experiences, and frustration with Saxon Mortgage.
Relative to Saxon’s involvement with the HAMP program the company’s overall dismal performance speaks volumes. Saxon Mortgage modification statistics, as reported by the US Treasury, show only two permanent modifications.
Saxon Mortgage Services Inc. has a small number of GSE loans (1,117) and a large number of private investor loans (34,137) under management according to the US Treasury report, in a sub-section titled “HAMP Portfolio Composition”.
Saxon Mortgage is owned by Morgan Stanley. Saxon Watch (this website) is a consumer advocacy and watchdog organization made up of volunteers.