The Huntington National Bank Mortgage Complaint

The Huntington National Bank Mortgage department,

FHA mortgage Loan servicing, payments, escrow account New Jersey

Mortgage Loan - Overcharge of PMI Original Complaint From -/-/-My original mortgage loan with Huntington was - issues on - - property with appraised value of $150000.00 and PMI in the amount of $150.00 was added to this mortgage. Based on general rules of PMI it should have stopped when loan balance has reached 80 % of appraised value that was around - - or - -. However, the Huntington Bank continued to charge me PMI until I had refinanced my loan in - -. During the refinance process, I was made aware that I may have been over charged PMI for five and half year. My new loan ( - ) was issued for loan amount of - and the property appraised value was as original $150000.00 - original appraisal was used from - ) and I was not charged PMI for the refinanced loan. I have discussed this issue several times with Huntington Bank and refuse to provide original loan documents and address this issue. I realize the loan document that are given to me at the time of loan closing are all incorrect because they were for 5 year arm product and my loan with Huntington was


my loan to value was - = approximately 85 %. I notified to the Bank in - - and in - I also sent a complaint to -- and then I continued with this matter after my refinance was closed in - -. In -, I was not aware of OCC complaint form available online and - Consumer Protection agency. Otherwise I would have registered my complaint earlier. I feel I have over paid approximately over $10000.00 in PMI premium, plus interest that was charged at 6 % to my mortgage account if this amount was applied to my unpaid balance. In light of that I have never missed a payment on my either mortgage accounts or HELOC accounts and hold a good credit history. Please contact me at - should require any additional details. - -