Report cards issued on two separate settlements with residential loan servicers indicate that borrowers have received more than $50 billion in relief. The bigger of the two settlements has yielded an average of more than $80,000 in benefits per borrower. A progress update in the national mortgage servicer settlement has been issued by Independent Settlement [...]
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Servicer Settlement Yields Over $80k in Relief Per Borrower
May 21st, 2013 
davidguide 
Posted in Business Loans 
Tags: $80k, borrower, Over, Relief, Servicer, settlement, Yields 
Comments OffSaxon Sale Signed, Sealed & Delivered
April 4th, 2012 davidguide 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 [...]
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 Comments Off
