The sale of former nonprime lender Saxon Mortgage Services Inc. has been completed. While the deal will likely create a top-10 servicer, it also resulted in hundreds of layoffs and a consent order against a Wall Street giant. Saxon has been acquired by Ocwen Financial Corp. from Morgan Stanley for $73.8 million. Saxon was originally [...]
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Saxon Sale Signed, Sealed & Delivered
April 4th, 2012 
davidguide 
Posted in Business Loans 
Tags: consent, Inc., Morgan, mortgage services inc, nonprime, ocwen financial corp, Saxon, saxon mortgage services, saxon mortgage services inc, Servicer, subprime mortgages 
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