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.