Review and analysis of over 7 complaints against Regions Financial Corporation
Regions Financial Corporation consumers have reported over 7 official complaints related to Loan servicing, payments, escrow account. Out of the 7 consumer complaints against Regions Financial Corporation, 0% were disputed by the consumer (i.e. the consumer was not happy with how Regions Financial Corporation responded to their complaint) and 100% were processed in a timely manner. 14% of consumer complaints against Regions Financial Corporation resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 43% resulted in non-monetary compensation.
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Regions Financial Corporation Mortgage loan servicing, payments, escrow account March 6, 2017 - Regions Mortgage decided to raise my monthly payments excessively this year. Last year I paid $ 630/month and that included a little extra that came off of the balance. This year they want to raise it to $ 740./month. According to my calculations, P & I, plus the extra for a home warranty plus 1/12 of the escrow requirement totals $640.00 Regions already has a pad in the escrow account of over $1000.00. I want my payment back to something reasonable and I do n't see why they need an extra $2000.00 in the escrow account.... |
Regions Financial Corporation Mortgage loan servicing, payments, escrow account February 13, 2017 - In accordance with the Uniform commercial Code, I used legal tender in the form of a unconditional, readily saleable promissory note, that can be financially traded or monetized very easily by the Banks ; to pay off our remaining balance on our mortgage debt in full, to Regions mortgage Bank. I sent Regions Bank a legal notice, with the promissory note, that indicated to them, that if they refuse my legal tender for payment, to send me back the promissory note, with a written explanation, as to why they are exempt from legislation ; however, Regions mortgage only sent me back a letter stating ... |
Regions Financial Corporation Mortgage loan servicing, payments, escrow account November 15, 2016 - In -, - I applied for and was approved for an FHA Mortgage through Regions Bank/Mortgage. At the time of application, and at the closing I was told that after 5 years of paying the PMI/FHA Insurance, and no late payments that amount would be dropped from my payment, thereby reducing my monthly mortgage payment. There has never been a late payment. Each payment has been made on-time. Last year ( at the 5 year mark ) I contacted Regions Mortgage Department about removal of the PMI/FHA Insurance charge on my monthly payment. They agreed and said they would look into it. They came back and... |
Regions Financial Corporation Mortgage loan servicing, payments, escrow account July 30, 2016 - The servicing of my account was transferred to Regions Mortgage in - of 2016. They have not appropriated any of the - payments to my mortgage correctly. They have cashed the checks on time on - occasions. Proof of canceled checks are attached. The first month they actually provided me a refund for a double payment because i went onto their portal and made a payment to insure I would not be late. It took multiple phone calls submission of cancels checks and a couple of weeks to get remedied. They have since not recorded any of my other - payments - and - although they have cas... |
Regions Financial Corporation Mortgage loan servicing, payments, escrow account June 20, 2016 - My mortgage was sold twice to new Servicing Banks. Each new Servicing Banks ( Regions Bank and - ) did not offer a bi-weekly payment program. This program is of great interested to me. To manage this lack of service I chose to pay at least 1 month ahead in full and early. After the additional payments were made I submitted partial payments equal to more than half of my monthly mortgage payment intending to create my own bi-weekly payment program. I was told that the bank can not accept partial payments even if the payment history is caught up and future payments were already paid. They sai... |
Regions Financial Corporation Mortgage loan servicing, payments, escrow account April 24, 2016 - My husband and I purchased a double wide mobile home in 2001 which was put on the land we had previously financed with a loan from Regions Bank. We have been paying on this loan since, with a 7.34 % interest rate. When the interest rate was lowered, we tried to refinance the loan thru Regions and was told that they do not do mortgage loans. I have tried refinancing thru the HARP program and was told they do n't refinance mobile homes. We are retired with a fixed income and paying - a month mortgage payment to Regions. We have considered a reverse mortgage but do not know if that is a good m... |
Regions Financial Corporation Mortgage loan servicing, payments, escrow account April 20, 2016 - My name is - -, contact number - ( M ) or - ( O ). I get an equity loan from Regions bank with an amount of $110000.00, funded on -/-/2016 ,@4.25 % rate for 15 years, monthly payment sets at $850.00. I determined to pay off in 5 years and signed agreement to pay $2000.00 each month, effective in -/-/- ( deduct is expected to be effective on -/-/2016 ). I opened checking account and funded with direct deposit to cover monthly auto deduct for paying my monthly dues. Payment kicks in from -/-/- 2016, so I made extra payment of amount of $1200.00 ( plus ... |