Saxon Mortgage unit sold to Ocwen

First my Saxon mortgage went away when the home sold, and now Saxon Mortgage might go away all together. Nobody will miss this unprofessional, unorganized, and poorly run unit of parent company Morgan Stanley. Here is the news report released on October 25th, 2011: Oct. 25 (Bloomberg) — Morgan Stanley, the sixth-largest U.S. bank by …

Selling Morgan Stanleys Saxon Mortgage Services

There is a possibility that Saxon Mortgage Services could be gone all together. Personally I just want Saxon out of my life and will sell the home they service. A sale of the mortgage unit, which Morgan Stanley acquired in 2006 during the height of the housing bust, kicked off in the past several weeks. …

Saxon Mortgage wrongfully forecloses on military personnel

WASHINGTON -(Dow Jones)- Subsidiaries of Bank of America Corp. (BAC) and Morgan Stanley (MS) will pay more than $22 million to settle charges that they wrongfully foreclosed on active-duty military members without first obtaining court orders, the Justice Department announced Thursday. In one settlement, BAC Home Loans Servicing, formerly known as Countrywide Home Loans Servicing, …