Stonegate Mortgage Corporation Mortgage Complaint

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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