Nationstar Mortgage Mortgage Complaint

Nationstar Mortgage Mortgage department,

Conventional adjustable mortgage (ARM) Loan servicing, payments, escrow account Texas

Nationstar Mortgage provides payoff for loans only through the last day of each month. If you loan closes - -, you are required to pay them interest through - - no matter what. Then, once interest is paid to them through - -, they keep your money another thirty days before sending the refund. In the above scenario they have use of your money for almost 60 days. This must be a lucrative business for them in that they have thousands of consumer 's money to invest for periods of time. In my case, it is $1600.00. I can only imagine what they are making on the float of all consumer 's money. This should be stopped.