Review and analysis of over 53 Conventional Adjustable Mortgage (Arm) complaints against Flagstar Bank
Flagstar Bank consumers have reported over 53 official complaints related to Conventional adjustable mortgage (ARM). Out of the 53 consumer complaints against Flagstar Bank, 26% were disputed by the consumer (i.e. the consumer was not happy with how Flagstar Bank responded to their complaint) and 100% were processed in a timely manner. 2% of consumer complaints against Flagstar Bank resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 0% resulted in non-monetary compensation.
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Flagstar Bank Mortgage loan servicing, payments, escrow account March 18, 2016 - 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. ... |