BB&T Financial Mortgage Complaint

Home equity loan or line of credit Loan servicing, payments, escrow account

BB&T Financial Mortgage department,

Home equity loan or line of credit Loan servicing, payments, escrow account Pennsylvania

My fixed rate 20 year mortgage originated with -, was transferred to - - in a takeover/buyout and is now held by BB & T bank. Since the bank buyout transition in - 2016 my mortgage statements have been riddled with irregularities, the worst of which, is that my 'Outstanding Principal Balance ' has n't gone down since -, even though they have taken 3 payments since then. The most recent statement indicated that 100 % of the payment made was allocated to Interest and 0 % to Principal. What alerted me to the problem was that the " Explanation of Amount Due '' fluctuated irrationally from statement to statement and did not correlate with the " Transaction Activity '' after the payment had been processed. To try to resolve the issue, I went to a local bank branch and called the main number. No one seems to know what is going on, and I am certain it is not an isolated case pertaining to only my loan.

BB&T Financial customer in Pennsylvania
Oct 05, 2016

* Source: CFPB Complaint Database

BB&T Financial response to complaint:
Closed with explanation

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