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Bank loan sold and payment higher

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mrkwisgrumpy Joined: 22 Oct 2009 Posts: 2 1.50 Dollars($)	Posted: Thu Oct 22, 2009 9:10 pm    Post subject: Bank loan sold and payment higher Like 0 Dislike 0 Bank of america bought my home loan now i see where they are charging me more for somethings called a reserve which is a cushion. Is this allowed.
eric1 Community Expert Joined: 04 Jan 2009 Posts: 1511 226.89 Dollars($)	Posted: Thu Oct 22, 2009 9:44 pm    Post subject: Like 0 Dislike 0 If your escrow balance has declined, then yes they can do that. _________________ Eric JFree Rate Quote, Stated Income Loans FHA RATE QUOTE Mortgage Rate Quote

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