the fact that the PMI is as high as the mortgage payment and keeps going up

What the CFPB Record Shows About the fact that the PMI is as high as the mortgage payment and keeps going up

the fact that the PMI is as high as the mortgage payment and keeps going up 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 In t, and the most recent logged activity is In talking, giving this record a multi-year window of observable consumer sentiment.

Looking at response behavior, the fact that the PMI is as high as the mortgage payment and keeps going up 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 said they are unable to lower our PMI insurance amount. Even though we got a re-modification we will have to continue paying the {$560.00} a month to them unless we can get our loan refinanced or pay 80 % of it off. Bank of America has told us that the loan is held by XXXX XXXX and they would be the company to approve lowering the PMI amount. I have no contact information on whom to talk with to get this lowered. I mentioned this to Bank of America", and the single most common underlying issue is "however".

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 the fact that the PMI is as high as the mortgage payment and keeps going up: 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.