Carrington Mortgage Mortgage Complaint

FHA mortgage Loan servicing, payments, escrow account

Carrington Mortgage Mortgage department,

FHA mortgage Loan servicing, payments, escrow account North Carolina

Carrington Mortgage bought mortgage from - and increased amount paid to escrow even though my insurance and taxes have not risen, They said once paid, I have an escrow balance of $130.00 but they need it to be $480.00 dollars so my mortgage payment went up. Can they do this arbitrarily? What is they want my extra escrow balance to be $1000.00 or $1500.00?

Carrington Mortgage customer in North Carolina
Jul 16, 2015

* Source: CFPB Complaint Database

Carrington Mortgage response to complaint:
Closed with explanation

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