Saxon Capital Inc., Glen Allen, Va., has announced a $1.2 billion securitization of conforming and nonconforming mortgage loans by a subsidiary.The $1.2 billion of notes were issued by Saxon Asset Securities Trust 2004-2. The assets of the trust include three groups of mortgage loans secured by one- to four-family residential properties, Saxon said. The lead manager of the deal is Credit Suisse First Boston, and the co-managers are Merrill Lynch & Co., J.P. Morgan, and RBS Greenwich Capital. Saxon Capital can be found on the Web at http://www.saxoncapitalinc.com.

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