U.S. Bancorp Mortgage Complaint

U.S. Bancorp Mortgage department,

FHA mortgage Loan modification,collection,foreclosure Indiana

Please consider this complaint a notice of error regarding loss mitigation options. Borrower sought loss mitigation options on an FHA loan and was offered an FHA Formal Forbearance for six payments of $2100.00 for a total of $12000.00 in payments in order to cure her arrearage on the account. This type of offer is only supposed to be made according to mortgagee letter - if - % of a borrower 's *surplus* income can cure the arrearage within 6 months time. Borrower 's *gross* income was calculated and presented to US Bank as $2100.00 on her financial worksheet. Essentially, the repayment plan ( forbearance ) that has been offered represents nearly - % of her gross income, which does not comply with FHA guidelines for such plans.