Prospect Mortgage Mortgage Complaint

FHA mortgage Settlement process and costs

Prospect Mortgage Mortgage department,

FHA mortgage Settlement process and costs Virginia

- - -, 2014 I obtain a FHA loan from Prospect Mortgage, LLC. The in-house counsel member - - - committed perjury in her email by stating that my mortgage loan was not sold to the secondary market. - - is the counselor for - who is a subservicer for my original lender Prospect Mortgage, LLC. Moreover, the manager for Prospect Mortgage, LLC refuses to send me a letter stating that my mortgage loan was sold to the secondary market via - -. When mortgages are bundled up in contracts and transferred to - -, the mortgages are sold to other investors as stock certificates to the secondary market. The borrower promissory note is converted over to stock certificates when there pooled together with other schedule loans. I was able to obtain this information from the Securities Exchange Commissions. In closing, I am currently seeking legal counsel because I have a lawful right to know who actually owns my mortgage.

Prospect Mortgage customer in Virginia
Mar 31, 2016

* Source: CFPB Complaint Database

Prospect Mortgage response to complaint:
Closed with explanation

Created with Highcharts 4.2.3Prospect MortgageComplaint HistoryComplaints1/20126/20127/20123/20137/20138/20139/20132/20143/20146/201411/20141/20154/201511/20153/20164/20165/20167/20160123456Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3Prospect MortgageSettlement process and costs4.5%81.8%13.6%ClosedClosed with explanationClosed with monetary reliefSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageSettlement process and costs0.4%6.3%5.3%1.1%2.8%6.4%76.1%1.5%Untimely responseClosed with non-monetary reliefClosed without reliefClosed with reliefClosedClosed with monetary reliefClosed with explanationIn progressSource: Consumer Financial Protection Bureau

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