Washington, District Of Columbia
4 comments

Flagstar Bank made a significant error on my "Truth and Lending Statement" for refinancing. I have an impound account in my loan which was underfunded for entire year.

On the TLS they showed my house payment at $3700/mo., and taxes at $717 for a total payment of $4417. Now they comeback and indicated that my impound account was underfunded by $400. My house payment will now change from $4417 to $5264 per month effective 3/01/08.

My wife and I would never have signed the original loan doc's with this knowlege. We also have a pre-payment penalty which all looks very supicious.

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Anonymous
#84329

Got a real run-around requesting a loan modification - mitigation was always at a stand-still - - got a loan lawyer and finally got some progress, they knew just what "buttons" to push to get modification going

Anonymous
#50926

same thing happened to me . everytime you call them about anything you get pushed off to some else,I am still fighting them over mine.

Anonymous
#44488

they did this to us on our escrow for our property taxes. Ours was not nearly that much..but even $100 a month hurt us bad. Their customer service is terrible...

Anonymous
Colora, Maryland, United States #22231

This is something that happens often, not just with Flagstar. I have a different loan company and the same happened to me.

After doing a lot of research i found that this is common. You are lucky that your payment was not underfunded by $5000 like mine.

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