Network Capital Funding Corporation Mortgage Complaint

Network Capital Funding Corporation Mortgage department,

Conventional fixed mortgage Application, originator, mortgage broker California

Hi, my name is - - and I would like to file a complaint on Capital Network Funding in -, CA. About a week ago i had submitted documentation regarding to a mortgage refinancing with today 's low 30 years fixed interest rate thru this mortgage lender. First I was approved base on documents i had submitted to the lender which includes income from - for -, our - month worth of paystubs from our employer prior to family leave, - 's for -/-/- and -/-/-, and - months worth of bank statements and I also signed the initial disclosures package from the lender. A day or - days after i submitted these documents needed from the lender, I received a phone call and an email stating that my wife and I are not approved due to our supplement income from family leave and the mortgage company will not proceed unless my wife and I are fully back to work with verifiable income from our employer. The cause is for us to go back to work and cut our family leave time short in order to get an approval and proceed with the loan. Below is a copy of the


-- ' '' & lt ; -- & - ; Cc : - - - - ; -- & gt ; Subject : RE : Your Loan Proposal- Network Capital-. -, I have your file ready to go to underwriting, but I need you to return to work ASAP to use your income to qualify for the loan. Please advise when this can occur so we can secure the rate lock. The rate will not be locked nor can I honor the exception until I have a WVOE or assurance that you have returned to work. Let me know when this can occur. Thank you. Sincerely, - -Manager | Direct LendingPlease see below press release -/-/- if I may fall into the same category and advise what I should do. HUD No. - - ( - ) - - FOR RELEASETuesday- -/-/-HUD SETTLES DISCRIMINATION CLAIM AGAINST CALIFORNIA MORTGAGE LENDER ALLEGING IT DENIED LOANS TO WOMEN ON MATERNITY LEAVEWASHINGTON - The U.S. Department of Housing and Urban Development ( HUD ) announced today that -, CA based mortgage lender - - - will pay $48000.00 to settle allegations that it violated the Fair Housing Act when it denied or delayed mortgage loans to women because they were on -. Sincerely, -