Selene Finance Mortgage Complaint

FHA mortgage Application, originator, mortgage broker

Selene Finance Mortgage department,

FHA mortgage Application, originator, mortgage broker Florida

FHA Case No. - - - Address : former address to property was - - - - FL. -. Present address : changed to - - - - FL. - By Introduction, my name is - - and I became a homeowner in - 2001. I went through the process with a non profit organization by the name of - - - located in - Florida. - - - assisted me with preparing me to become a first time homeowner. Being a single mother, this was the American dream coming true.The name of the mortgage company which is no longer in business as called - in - Florida. I fell behind one month and - sent me a letter stating that due to late payment, my loan could not be FHA insured, and the loan will be converted into a conventional loan. Now at the


believe that this is a predatory loan and - converted into a regular conventional loan of course for profit. - made stated another fictitious statement the well on the property was not the appropriate footage from the septic which is false because the house was built from the ground up the the contractor has to meet the building codes for - -. I have been fighting this for years and I feel that this information that - was just all a ploy for me to lose my home and my inherited property.Ivanhoe used FHA procedures not guidelines to target individuals receiving FHA loan and convert the loans for profit for their investors gain and greed. This really saddens me for individuals who really strive for the American dream to become a homeowner. Over the years my loan has been sold at least 5 times and now my mortgage company is Selene Finance and they only reason why they have it now because the were under the assumptions that my loan was in default and I was in foreclosure which was false as well. Now since Selene Finance has my loan I stated to them to look at the original note and it clearly states that this is a FHA loan FHA insured. Since Selene Finance has the loan, they are now held accountable.My interest rate is 6.5 % it needs to be lower because it is a FHA loan.The interest rate should be at least 2.5 %. At 6.5 % I will never pay off my home loan and the investors get wealthier. I have all documents and I also requested documents from the Selene loan resolution department as well.Please assist me with this matter. Thank you, - -

Selene Finance customer in Florida
Jun 02, 2016

* Source: CFPB Complaint Database

Selene Finance response to complaint:
Closed with explanation

Consumer disputes how Selene Finance handled their complaint

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