FHA mortgage Loan servicing, payments, escrow account
Stonegate Mortgage Corporation Mortgage department,
FHA mortgage Loan servicing, payments, escrow account Texas
My suspicion is that there is a deliberate scheme by Stonegate Mortgage of intentionally reducing mortgage payments to starve clients escrow accounts thereafter essentially guaranteeing a high probability of refinancing, hence refinance fees and charges. My case is as follows. 1 ) Original payment from - - was set up at $1600.00. This payment would cover your Principal & Interest, Hazard Insurance, Mortgage Insurance and Property Taxes as were estimated at time of purchase. 2 ) Stonegate changed ( reduced ) my monthly payment ( intentionally? ) and now I have a problem : ESCROW SHORTAGE of $5200.00 3 ) Stonegate is thereby increasing my escrow - % and my total monthly payment - %. 4 ) Essentially forcing to consider refinancing.
Stonegate Mortgage Corporation customer in Texas
Mar 16, 2016
* Source: CFPB Complaint Database
Stonegate Mortgage Corporation response to complaint:
Closed with non-monetary relief
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