Review and analysis of over 12 Fha Mortgage complaints against New American Funding
New American Funding consumers have reported over 12 official complaints related to FHA mortgage. Out of the 12 consumer complaints against New American Funding, 42% were disputed by the consumer (i.e. the consumer was not happy with how New American Funding responded to their complaint) and 83% were processed in a timely manner. 8% of consumer complaints against New American Funding resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 0% resulted in non-monetary compensation.
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New American Funding Mortgage settlement process and costs September 29, 2016 - Last year we refinanced our mortgage with New American Funding to pay off some debit and potentially drop our mortgage insurance. The beginning of the process was promising but that quickly changed. The loan officer we dealt with was - -, there were many problems with the loan, - being they said they were not going to go forward with our loan after they charged the appraisal fee because our current mortgage company reported we were 30 days late. After speaking with - and - and I believe - other person explaining we had never been 30 days late I had to take matters into my own... |
New American Funding Mortgage loan modification,collection,foreclosure September 21, 2016 - On -/-/- I had a broken pipe and my home was damage, - -. step in and did and evaluation and immediately start initial work. As soon as they finish the constructor completed the reconstruction and I paid them meanwhile - send the check. When - send me the check, I have to endorsed to Newamerican for them to evaluate the damages en return me the money I already spend. New American send an inspector and at this time is giving me a hard time to collect that money.... |
New American Funding Mortgage settlement process and costs May 26, 2016 - In short, we closed. Everything looked good. our closing statement matched our pre closing docs, requiring - cash to the table. Everything looked good. We are supposed to fund today. Yesterday I got an email from our broker asking for a check for - to reimburse him for a credit on our closing docs. I am supposed to make it payable to the mortgage company and post date it. His explanation is that they gave us the credit for " advanced escrows '' as a loan and that they expect to have that money returned. They are threatening to hold up funding of our loan and / or redisclose everythin... |
New American Funding Mortgage loan servicing, payments, escrow account March 24, 2016 - I refinanced my primary mortgage in 2013 with a company called New American Funding. They did lower my rate but told me that I would have to pay MPI because I refinance was over 80 % LTV. During the refinance process, my loan officer - - - ( employee of New American Funding ), told me my MPI would be for 92 months or until my LTV got to 80 %. I have requested my mortgage company to order an appraisal because I believe my house value is high enough to cover the loan at 80 %. When I did this, they told my I had to have the PMI for 11 years ( 132 months ) and that there was no way around... |
New American Funding Mortgage application, originator, mortgage broker September 26, 2015 - This is a summary of a complaint I originally submitted with the - in - Tx. New American made several errors during the Streamline refinancing of my mortgage. My wife and I were told that we would receive a refund on our escrow account in the amount of $1600.00. The problem started when we ( my wife and I ) decided to do a Streamline refinance of our mortgage with New American Funding. The New American Fund account rep - -, who originated the original mortgage on our home, was contacted about the new Streamline refinance program in early - 2015. We had learned about this oppor... |
New American Funding Mortgage loan servicing, payments, escrow account June 26, 2015 - After I enrolled in automatic debit for monthly payment, New American Funding debited - payments for the - payment from my checking account, once on - - and the - on - -. The loan payments were not overdue and there is other legal basis for taking the - payment. They applied the - payment to - even though I repeatedly asked for the money back. I did not authorize the taking of any extra money, just the payment due for - month at a time. They refused to explain why the extra payment was taken and refused to put it back into my account the same way they withdrew ... |