Sentences with phrase «servicer about requesting»
In that case, contact your loan servicer about requesting a recalculation of your monthly payment right away.
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The more thorough servicer review process requested by the Obama administration would have potentially punished servicers who didn't inform borrowers about all of their options, including repayment plans and forgiveness programs.
In addition, we requested information about any precautions the Department or other agencies have taken to avoid potential abuses and to provide information so that consumers can truly shop for servicers.
Mortgage servicers are also prohibited from obtaining force - placed insurance without reasonable basis to believe the borrower has not maintained property insurance, charging fees for responding to valid written requests, failing to promptly respond to requests about errors in payment allocation, failing to respond within 10 business days to a request to provide information about the loan owner or failing to comply with any other obligations.