Flagstar Bank Mortgage Complaint

Conventional adjustable mortgage (ARM) Loan servicing, payments, escrow account

Flagstar Bank Mortgage department,

Conventional adjustable mortgage (ARM) Loan servicing, payments, escrow account Florida

Payments have been made twice a month, in advance, for over 5 years. The bank continually delays posting the payments and periodically assesses late charges incorrectly. Now they have actually returned payments. As of now, the interest charged on the account is far in excess of what is actually due.

Flagstar Bank customer in Florida
Mar 18, 2016

* Source: CFPB Complaint Database

Flagstar Bank response to complaint:
Closed with explanation

Created with Highcharts 4.2.3Flagstar BankComplaint HistoryComplaints12/20112/20124/20126/20128/201210/201212/20122/20134/20136/20138/201310/201312/20132/20144/20146/20148/201410/201412/20142/20154/20156/20158/201510/201512/20152/20165/20167/20161/20173/201705101520Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3Flagstar BankLoan servicing, payments, escrow account80.5%4.4%2.0%4.2%8.8%0.2%Closed with explanationClosed with monetary reliefClosed with non-monetary reliefClosed with reliefClosed without reliefIn progressSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageLoan servicing, payments, escrow account0.2%5.8%5.1%1.1%2.3%4.0%80.3%1.2%Untimely responseClosed with non-monetary reliefClosed without reliefClosed with reliefClosedClosed with monetary reliefClosed with explanationIn progressSource: Consumer Financial Protection Bureau

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