M&T Bank Mortgage Complaint

FHA mortgage Loan servicing, payments, escrow account

M&T Bank Mortgage department,

FHA mortgage Loan servicing, payments, escrow account Georgia

My mortgage company advised me -/-/- that it would suspend all collection and interest activity due to me having experienced a home fire and the home not being habitable. Since - MT Bank has held funds in excess of $89000.00 and is aware of my intent to payoff the principal balance due, especially since they had failed to cease collection, interest and unlawful escrow practices. I spoke with a supervisor -/-/- who assured me that all erroneous interest and escrow balances that have increased the amount due since -/-/- would corrected, removed and my payoff balance adjusted accordingly. The deadline she gave me has passed and no thorough investigation or ownership of my unique situation has occurred. I have spoken continuously with representatives from MT Bank, and kept logs of all correspondence since -/-/-, and have constantly received confusing and incorrect information regarding my intent to pay off the principal loan balance of $68000.00 as reported on my credit file and have the difference of my withheld funds in the amount of $21000.00 returned to me. Currently they remain in violation of the Act and continue to hold my funds unlawfully with no interest accruing in my favor.

M&T Bank customer in Georgia
Jul 08, 2015

* Source: CFPB Complaint Database

M&T Bank response to complaint:
Closed with explanation

Consumer disputes how M&T Bank handled their complaint

Created with Highcharts 4.2.3M&T BankComplaint HistoryComplaints12/20111/20122/20123/20124/20125/20126/20127/20128/20129/201210/201211/201212/20121/20132/20133/20134/20135/20136/20137/20138/20139/201310/201311/201312/20131/20142/20143/20144/20145/20146/20147/20148/20149/201410/201411/201412/20141/20152/20153/20154/20155/20156/20157/20158/20159/201510/201511/201512/2015051015202530Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3M&T BankLoan servicing, payments, escrow account1.5%77.7%6.5%2.4%9.5%1.5%0.5%0.3%ClosedClosed with explanationClosed with monetary reliefClosed with non-monetary reliefClosed with reliefClosed without reliefIn progressUntimely responseSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageLoan servicing, payments, escrow account0.2%5.8%5.1%1.1%2.3%4.0%80.3%1.2%Untimely responseClosed with non-monetary reliefClosed without reliefClosed with reliefClosedClosed with monetary reliefClosed with explanationIn progressSource: Consumer Financial Protection Bureau

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