Quote:
Originally Posted by lendaddy
Odds are they just screwed up, no need to contact any over reaching regulatory bodies  |
I'm not so sure. It's
trivial to add an extra charge or some other minor change to thousands, or hundreds of thousands, of customer's bills. The .00001% that catch it get the "oops, our bad!" excuse and a credit; everyone else gets the shaft.
I had the same principal payment issue when my mortgage was bought by the late WAMU years ago. I caught it instantly, and they didn't try to pull that trick again.
Also: there is an 'accelerated payment plan' that mortgage companies will try to sell you. They'll let you make additional principal payments ahead of schedule, for a small fee.