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marcy

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August 21, 2012 4:57 pm

If adding the breakdown of the escrow payment,as suggested by versability, it might be more informative to show escrow monies received and paid out in the period. When there is an escrow for multiple types of payments – insurance, taxes etc – the regulation requires “aggregate” accounting that saves consumers money by using a cash flow method. Also, an escrow disclosure is mailed annually that shows the complete breakdown of the escrow account. Does it help to have this information monthly as well as annually?

August 21, 2012 5:01 pm

While a coupon book is not appropriate for every person or type of loan, some borrowers like having a physical book. Not everyone is tech savy.


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