Nationstar Mortgage
Escrow Account

Can anyone explain to me how Nationstar Mortgage can increase someones mortgage without some sort or warning. Here is what happened. We have an escrow account set-up through Nationstar. I didn't realize it, nor did Nationstar inform me that the amount that was being set aside for my homeowners insurance, flood insurance and taxes wasn't quite enough. I was $148 short for the year. Now, they have raised my house payment every month by $178. So, at the end of the year they will be holding on to roughly $2000 of my money. That is $2000 that I could be earning interest on instead of them. They told me that if their was an overage that they would reimburse me. However, I'm really not holding my breath because they're such a shady company. Does anyone know if they can get away with this? I would have happily written them a check for the $148, but now I'm paying an extra $178 a month. The other thing Nationstar is doing is they start calling me on the 1st of every month to check where my payment is and it isn't due until the 16th. I have never been late on a single house payment. Any help out there or if this is happening to others it would be very much appreciated to hear. Thank you!

Company: Nationstar Mortgage
Country: USA

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