Select Portfolio Servicing, Inc Mortgage Complaint

Conventional adjustable mortgage (ARM) Settlement process and costs

Select Portfolio Servicing, Inc Mortgage department,

Conventional adjustable mortgage (ARM) Settlement process and costs California

I asked for a loan Modification ... .has paid the trail period a few times ... But the loan interest is still high and the payments not as good as - and otehr banks ... THey are not discountqsing THe Obama - discount of $100000.00 per mortgage ... loan ... Iasked for a modification agreement not a lien modification agreement ... .We both must agree on something and erase all the arrears since this loan is a toxic loan, given up from - - They should give what the consumer can afford ... SPS servicing can only erase $300.00 or less on d payments infact other banks and collection agencies drop to $800.00 less and up to $1000.00 less from current payments ... because they dropped their interest up to 2 % a year for 5 yrs..then it goes up..after five years of payments ... we want to resolve this issue ... immediately, they are forcing me to sign ... a contract that I am not happy and still high..monthly payment ... Thank You ... - or - - - ( - )

Select Portfolio Servicing, Inc customer in California
Mar 29, 2017

* Source: CFPB Complaint Database

Select Portfolio Servicing, Inc response to complaint:
Closed with explanation

Created with Highcharts 4.2.3Select Portfolio Servicing, IncComplaint HistoryComplaints1/20125/20128/201210/201211/201212/20122/20133/20134/20135/20136/20137/20138/201310/201312/20131/20142/20143/20144/20145/20146/20147/20148/20149/201410/201412/20142/20153/20154/20155/20156/20157/20158/20159/201510/201511/201512/20151/20162/20163/20164/20165/20166/20168/20169/201612/20161/20173/201702468Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3Select Portfolio Servicing, IncSettlement process and costs98.4%0.8%0.8%Closed with explanationClosed with non-monetary reliefClosed with reliefSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageSettlement process and costs0.4%6.3%5.3%1.1%2.8%6.4%76.1%1.5%Untimely responseClosed with non-monetary reliefClosed without reliefClosed with reliefClosedClosed with monetary reliefClosed with explanationIn progressSource: Consumer Financial Protection Bureau

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