Carrington Mortgage Mortgage Complaint

FHA mortgage Loan servicing, payments, escrow account

Carrington Mortgage Mortgage department,

FHA mortgage Loan servicing, payments, escrow account Texas

Loan sold from - - - to Carrington. '' Within 2 months of sale, escrow payment skyrockets. As apparently as it was explained to me by Carrington '' - - - did not require a 2 month cushion '' in my escrow, but


Carrington ''. They waited 2 months to hit me with the bad news. They say to pay off my 2 month cushion '', I need to pay them nearly $3000.00. What Carrington '' has done is INCREASE MY MONTHLY PAYMENT FOREVER by adding their own '' requirement that has nothing to do with my loan. I was NEVER given the opportunity to ask questions, to understand this would be coming, to shop around for a different mortgage holder - nothing. My loan was simply sold and my escrow skyrocketed. What other new amount will Carrington '' add to my loan WITHOUT NOTIFYING ME? When will Carrington '' mandate that I have to have a - '' cushion?

Carrington Mortgage customer in Texas
Jun 29, 2015

* Source: CFPB Complaint Database

Carrington Mortgage response to complaint:
Closed with explanation

Consumer disputes how Carrington Mortgage handled their complaint

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