Violation Tracker Individual Record

Company: 
Saxon Mortgage Services Inc.
Current Parent Company: 
Morgan Stanley
Penalty: 
$2,350,000
Year: 
2011
Date: 
May 26, 2011
Primary Offense: 
mortgage abuses
Secondary Offense: 
Servicemembers Civil Relief Act
Violation Description: 

Saxon Mortgage Services Inc., a subsidiary of Morgan Stanley, agreed to pay $2.35 million to resolve a lawsuit alleging that Saxon foreclosed on approximately 17 servicemembers between January 2006 and June 2009 without court orders.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Civil Division
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.