I was not in a financial position to pay for all the renovations and discovered value of the house was substantially lower than the loan was approved for so I couldn't just sell the property. I am stuck because of the fraud or negligence that was perpetrated by Loan Depot in determining my ability to repay under Regulation Z. ( I've been learning quite a bit about banking laws in the last few weeks so forgive me if this reference is the incorrect statute. ) Other mortgage companies I've approached to try and buy another home have told my there is no way they would have approved me for the first loan

What the CFPB Record Shows About I was not in a financial position to pay for all the renovations and discovered value of the house was substantially lower than the loan was approved for so I couldn't just sell the property. I am stuck because of the fraud or negligence that was perpetrated by Loan Depot in determining my ability to repay under Regulation Z. ( I've been learning quite a bit about banking laws in the last few weeks so forgive me if this reference is the incorrect statute. ) Other mortgage companies I've approached to try and buy another home have told my there is no way they would have approved me for the first loan

I was not in a financial position to pay for all the renovations and discovered value of the house was substantially lower than the loan was approved for so I couldn't just sell the property. I am stuck because of the fraud or negligence that was perpetrated by Loan Depot in determining my ability to repay under Regulation Z. ( I've been learning quite a bit about banking laws in the last few weeks so forgive me if this reference is the incorrect statute. ) Other mortgage companies I've approached to try and buy another home have told my there is no way they would have approved me for the first loan has accumulated 1 consumer complaint in the CFPB public database, with filings active across 1 U.S. state. Of those submissions, 1 includes a consumer narrative — the verbatim description of the reported problem that the CFPB collects alongside each filing. The earliest complaint on file dates back to Firs, and the most recent logged activity is First, giving this record a multi-year window of observable consumer sentiment.

Looking at response behavior, I was not in a financial position to pay for all the renovations and discovered value of the house was substantially lower than the loan was approved for so I couldn't just sell the property. I am stuck because of the fraud or negligence that was perpetrated by Loan Depot in determining my ability to repay under Regulation Z. ( I've been learning quite a bit about banking laws in the last few weeks so forgive me if this reference is the incorrect statute. ) Other mortgage companies I've approached to try and buy another home have told my there is no way they would have approved me for the first loan reports a 0% timely-response rate and has closed 0% of cases with a written explanation to the consumer. 0% of complaints were closed with monetary or non-monetary relief — an outcome signal that tracks how often consumers walked away with some form of remediation. A further 0% of responses were formally disputed by the consumer after the company replied, a useful marker of resolution quality independent of sheer volume. The most-reported product category for this record is "they approved me for a loan on XX/XX/XXXX", and the single most common underlying issue is "I had less then three months of employment total between 4 or 5 companies over the preceding 6 months. When I did get started at the job".

Complaint volume is heavily influenced by company size, customer base, and market footprint — larger financial institutions routinely carry more filings purely because they serve more consumers. A complaint is a consumer-reported allegation, not proven wrongdoing, and a timely or relief-flagged closure does not by itself confirm fault. Use this page as one input among many when evaluating I was not in a financial position to pay for all the renovations and discovered value of the house was substantially lower than the loan was approved for so I couldn't just sell the property. I am stuck because of the fraud or negligence that was perpetrated by Loan Depot in determining my ability to repay under Regulation Z. ( I've been learning quite a bit about banking laws in the last few weeks so forgive me if this reference is the incorrect statute. ) Other mortgage companies I've approached to try and buy another home have told my there is no way they would have approved me for the first loan: cross-check against the CFPB Consumer Complaint Database directly, review your own contract terms, and consult a licensed professional for financial, legal, or regulatory advice. This page is informational only.