Select Portfolio Servicing, Inc Mortgage Complaint

Select Portfolio Servicing, Inc Mortgage department,

Conventional fixed mortgage Loan servicing, payments, escrow account Georgia

- -, - - - - -, - - - - - Consumer Financial Protection Bureau - - - -, - - Headquarters address Consumer Financial Protection Bureau - - - - - Dear - - ; This is - - 's response to following SPS compliant responses : Case number Step Status Submitted Complaint history - Consumer review Company responded -/-/- - Consumer review Company responded -/-/- - Consumer review Company responded -/-/- - CFPB review Response not disputed -/-/- - CFPB review Response not disputed -/-/- - CFPB review Response not disputed -/-/- - CFPB review Response not disputed -/-/- - File Duplicate -/-/- - CFPB review Response disputed -/-/- Based on the generic quality of the SPS responses I assume the following : SPS is not interested or willing to investigate and provide the information requested : A history of Principal and interest payment since the mortgage inception.


A comparison and contrast of the - mortgage amortization prior to modification and afterwards. Where monthly payments higher or lower? Was the total principal reduced? What was the financial engineering execute to define the modification in compliance with HAMP? Did the modification provide permanent cash flow reductions. If not why modify? Does SPS consider a mortgage Payment with property taxes in excess of P & I economic? Is this common place? SPS consistently avoids the Fraud Challenges of the original Mortgage and modification. I would encourage CFPB to instruct SPS to contact and work with the originator and modifiers Sincerely, - -, - APPENDI- Please allow me to introduce myself. My name is - -. I purchased a home at - - - in - -. I was returning back to the US after servicing my country not in the military but as being - - - - - - - based in - -. I invested my life savings of $200000.00 on the home. Today I am exploring foreclosure options with Select Portfolio Servicing due to a - in -/-/-. I am - - today. I believe that I was defrauded by - at the time of my mortgage origination. An uneconomic and irrational payment structure. My mortgage principal and interest is less than my monthly property taxes and insurance. After a modification my monthly mortgage payments are higher than my original payments. This was a negative Home Affordable Mortgage Program experience. My Principal Balance today, -, after 16 years is higher than it was in -. Reccomendation Please conduct and audit and analysis of my mortgage modification and complete history with -, - and -. Please assist me in receiving a debt " cram down '' valuation base of my history for the mortgages. For example, my total payment from -/-/- to -/-/- approximates my original principal debt or $990000.00 in payments vs. - in original debt. Thank You. Sincerely, - - - ACCOUNT - - - - AMOUNT PRINCIPAL $760000.00 DEFERRED $140000.00 PRINCIPAL $900000.00 MONTHLY PMT PRINCIPAL $1100.00 INTEREST RATE $1200.00 $2400.00 ESCROW $2500.00 TA-ES INSURANCE