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ProfessorGAC

(77,245 posts)
17. And, We Experienced Tge Opposite
Tue Nov 19, 2024, 09:19 PM
Nov 2024

And, I was on the Board of a large community chartered credit union. (And, they did bundle and sell of mortgages, so we had contact with large mortgage firms. )
It was typical to do this.
You shop for your own insurance, can change carriers at any time, but the monthly payment was rolled in.
You say you never saw this. I saw it all the time. So, there we stand.

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CFPB WhiteTara Nov 2024 #1
Better hurry. n/t Yavin4 Nov 2024 #4
yep. Gone tomorrow. WhiteTara Nov 2024 #7
I've filed a claim. This is shady as all get out. FlyingPiggy Nov 2024 #15
Many Mortgage Companies Do That ProfessorGAC Nov 2024 #2
Insurance? Really? getagrip_already Nov 2024 #3
Yep! ProfessorGAC Nov 2024 #5
Its common for years to escrow Ins & tax payments. But yours sounds different Callie1979 Nov 2024 #6
At 71 years old, I have NEVER heard of a mortage company that DIDN'T include insurance and tax escrow fund Attilatheblond Nov 2024 #8
I've owned home in three states obamanut2012 Nov 2024 #9
I hate to tell you, it's "PITI". Principle, interest, taxes, and insurance. Intractable Nov 2024 #10
I piti the fools.... lol getagrip_already Nov 2024 #11
I can't answer. Sorry. I just print. Intractable Nov 2024 #12
It was "PITI" with us - Principal, Interest, Taxes, Insurance hatrack Nov 2024 #21
In all my experience w various lenders, not once has this been done. FlyingPiggy Nov 2024 #16
And, We Experienced Tge Opposite ProfessorGAC Nov 2024 #17
Even after you submitted proof of insurance? FlyingPiggy Nov 2024 #18
We Didn't ProfessorGAC Nov 2024 #19
The lender has a right to impound for insurance. Their investment needs to be protected. PeaceWave Nov 2024 #13
There was ALREADY insurance. Proof was given to them. And they STILL collected money for homeowner's insurance FlyingPiggy Nov 2024 #14
Its called Lender Placed insurance Pinkpenguin43 Nov 2024 #20
Latest Discussions»General Discussion»What's w these new mortga...»Reply #17