Homecomings Financial
In Fact Did Not Post my First Payment For Several Months

I Applied for (March '07) the 2nd Mortgage ($45,000) with Nationwide who did in fact Send the First Payment ($357.88) to Homecomings Financial who in fact did Receive (signed by McHutchen) that First payment in Dallas, Texas on 21 May '07. That First Payment was Never posted and then of course I get monthly Harassing phone calls from Homecomings Financial for several months[alleging A Late Payment] to make that payment.

I was Frustrated and Suffered The Most Anguish for 11 months. After sending them documents of proof (07 March'08) that I paid the correct amount ON TIME, Homecomings financial Charged Late Fees and even after they received all the documents, took about 50 days to correct the issue. It was not made clear to me that there is 179 monthly payments with a large Balloon at the end of that period even though it is stated that the loan is Amortized over 360 months?

Company: Homecomings Financial
Country: USA
State: Iowa
City: Waterloo
Phone: 7022020322

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