Saxon Capital Inc., a residential mortgage lender and servicer based in Glen Allen, Va., has announced a $980.5 million securitization of nonconforming mortgage loans by a subsidiary.The securitization, Saxon Asset Securities Trust 2003-3, consists of 14 classes of fixed- and variable-rate certificates ranging in size from $8.5 million to $421.1 million, the company said. The lead manager of the deal was RBS Greenwich Capital, and the co-managers were Credit Suisse First Boston, J.P. Morgan, and Merrill Lynch & Co. The company can be found on the Web at http://www.saxoncapitalinc.com.
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