05/28/2010 04:38 pm ET Updated May 25, 2011

Saxon Mortgage, Subsidiary Of Morgan Stanley, Has Biggest Loan Mod Logjam

Last week, the government released data [1] showing that there's a big problem at Saxon Mortgage, a subsidiary of Morgan Stanley. Of all the mortgage companies participating in the administration's mortgage modification program, Saxon has the largest proportion of homeowners caught in modification limbo

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