Loan Care Mortgage Complaint

FHA mortgage Loan servicing, payments, escrow account

Loan Care Mortgage department,

FHA mortgage Loan servicing, payments, escrow account Virginia

In - the homeowners insurance company I had with - of the companies - partners with raised my insurance from around $800.00 to a little over a $1000.00. What I could not understand was why and none of - 's agents could provide an answer. My house value had not increased at all. Later I received a bill from LoanCare where my mortgage went from $850.00 to $890.00. I found out later it was due to the increase in the homeowners insurance. I now have a lower cost homeowners insurance yet my mortgage payment is almost $900.00. LoanCare I find has a - rating and not only by me, but by several thousands of homeowners. Why? Why? Why? Would my mortgage be transferred to such an incompetent company. Not only that my mortgage has been sold three times and transferred three times as well. Is this what caused the crisis of 2008? If it is we maybe heading the same way, yet again. Something must be done and not only for me, but for others. Take action today by doing your own review and you will find LoanCare is a problem company. Thank you for your time. Sincerely, - -

Loan Care customer in Virginia
Nov 15, 2016

* Source: CFPB Complaint Database

Loan Care response to complaint:
Closed with explanation

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