Complaint / review text:
Our mortgage was sold to Carrington by BOA 3 months ago. Our monthly payment had just gone down to 709 a month before it was switched to Carrington due to taxes being lowered. I get the bill from Carrington for August and they raised my payment to 780.00!! I called and was told that they need a 2-month escrow cushion. Does anyone know if they can do that? It doesn't seem right. I'm really concerned about this because that's a big difference to us.