Regions Financial Corporation Mortgage Complaint

Regions Financial Corporation Mortgage department,

Conventional fixed mortgage Loan servicing, payments, escrow account Alabama

Regions Mortgage decided to raise my monthly payments excessively this year. Last year I paid $ 630/month and that included a little extra that came off of the balance. This year they want to raise it to $ 740./month. According to my calculations, P & I, plus the extra for a home warranty plus 1/12 of the escrow requirement totals $640.00 Regions already has a pad in the escrow account of over $1000.00. I want my payment back to something reasonable and I do n't see why they need an extra $2000.00 in the escrow account.