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 …

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. …