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Violation Tracker Individual Record

Company: Saxon Mortgage Services Inc.
Current Parent CompanyOcwen Financial
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Recap of Ownership Changes subscribe to see this data field
Penalty: $2,350,000
Year: 2011
Date: May 26, 2011
Offense Group: consumer-protection-related offenses
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 Current Parent: USA
HQ State of Current Parent: Georgia
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.