Ditech Financial LLC Complaint: Loan servicing, payments, escrow account

#1790955 17 Feb 2016

Mortgage Conventional fixed mortgage

Complaint #1790955 submitted on 02/17/2016 relating to Ditech Financial LLC. Complaint relates to Mortgage Conventional fixed mortgage - Loan servicing, payments, escrow account .

Complaint was submitted via Web and sent to the company on Wednesday 17th February 2016.

Narrative (may be redacted).

My husband and I purchased a home for {$98000.00} with XXXX down, we financed {$96000.00} at 9.25 % interest rate upon which we now owe {$94000.00}, and now that we are ready to refinance our current mortgage company is refusing to accept a refinance unless the entire interest for the life of the 30 year loan is paid ( interest fees at 30 yrs 9.25 % = {$180000.00} ) in addition to the current balance of principle owed. Is this legal?

Company Ditech Financial LLC
Complaint ID 1790955
Date Received 02/17/2016
Product Mortgage Conventional fixed mortgage
Issue Loan servicing, payments, escrow account
State/ZIP Code FL 323XX
Consumer Consent Consent provided
Company Public Response Company believes it acted appropriately as authorized by contract or law
Company Response To Customer Closed with explanation
Submitted Web 02/17/2016
Result Timely Response: Yes, Consumer Disputed: No
 

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