The complaint has been investigated and
resolved to the customer's satisfaction
Midland MortgageTerrible company


My home loan was with GMAC and was sold to Midland Mortgage in November of 2008. Today I received a new coupon booklet that shows my payment will be increased in April 2009.

I called Midland and they stated that the increase was probably from Insurance or Taxes. I looked up Taxes and Insurance and there was no increase so I investigated this further. I found out that I have to have 2 months worth of escrow in my account at all times over and above my normal escrow. I ask the customer service representative why and he said this is our policy. I asked if interest would be paid on that money and he said he was not sure. He asked if I was paid interest by my previous mortgage company and I stated yes if they kept it. GMAC would send a check for any overage so this would not occur.

I am in the process of obtaining legal advice because my loan originated in Texas and then transferred to Midland-Oklahoma so I am not sure of how this works from one state to another.

Will keep you informed.


  • Br
    bradley902 Mar 15, 2011

    Same thing is happening to me.

    Let me know if you find out anything. [email protected]

    0 Votes
  • Ll
    Lloyd Geringswald Apr 14, 2009

    Our mortgage was also sold to midland and the payment increased almost $40. I have called and also written to the company and have never received a reply. How long does it take to call a customer.
    At least you could call or write and give us a reason.

    0 Votes

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