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Gaudin v. Saxon Mortgage Services Inc.

Saxon Sued Again for Improper HAMP Usage

Judge/Credit: Comstock

A class action lawsuit has been filed in Federal Court in New York against Saxon Mortgage Services Inc., the Morgan Stanley mortgage servicer division, for failing to fulfill its obligations under the federally-sponsored Home Affordable Modification Program (HAMP) to homeowners in financial distress. The lawsuit is brought on behalf of plaintiffs Ranujoy and Deborah Pandit and a nationwide class of homeowners who sought loan modifications.Click to continue

Class Action Suit Against Saxon Alleges Illegal Use of HAMP

Cherry Red Gavel/Credit: Comstock

A class action lawsuit has been filed against Saxon Mortgage Inc., the Morgan Stanley mortgage servicer division, claiming that the company uses the Homeowners Affordable Modification Program (HAMP) to lure customers into making “trial” payments on loans it has no intention of ever permanently modifying. The suit, titled Gaudin v. Saxon Mortgage Services Inc., was filed in the Northern District of California Federal Court by Peter Fredman of the Law Office of Peter Fredman and Daniel Mulligan of Jenkins Mulligan & Gabriel LLP.Click to continue