Key quotes from 2012 State Of The Union address

We watched predatory lending, and watched the mortgage crisis build. Most people did not realize financial folly would lead to a crisis of great proportion, but we did. Here at Mortgage Crisis Daily we documented abuses and changes to laws that permitted abuse in mortgage and lending. At least five years have passed since the …

Where was the Fed during Enron, subprime, and Madoff?

In an article by JON HILSENRATH that appears in the Journal, we note that World Bank President Robert Zoellick questioned the wisdom of giving the Federal Reserve more power over banks, as the Obama administration has proposed. In the text of a speech he is to deliver Monday at the Paul H. Nitze School of …

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. …

Davis Foreclosure and Saxon Mortgage cause foreclosure

SD in Indiana said: “I can’t believe I found this website. My husband and I have also been approved for a loan modification. After paying Davis Foreclosure $1500.00 of our house money they supossedly negotiated with Saxon and got us a modification. Our packet of documents arrived and the information on it was all wrong, …