CENTEX CORPORATION, CTX MORTGAGE COMPANY LLC, CENTEX HOMES INC. Housing Discrimination; Violation of ADA Law; Fair Housing Act; VA Veteran Right to Housing Loan; Equal Credit Opp Act; Equal Housg Oppty Act;Deceptive Practice Rip-off DALLAS And/or Orlando / Altamonte Springs Texas and/or Florida

I am a loan officer, and you have to understand that loan officers are 100% commisioned sales people. Some of them do not operate to company standards and will provide incorrect information during the loan process. In this case the company has to scramble and fix this person's mistake. Please understand we are all human and make errors on our jobs as do each of you. That is why it is important to do business with someone that you feel is trustworthy in all facets of business transactions.

All states have lending practices that must be followed as we are governed by the state and are audited periodically. If you sign documents that are not clear to you then it is YOUR responsibility to work with your attorney to be sure that you are clear on what your are signing. At closing you are also signing a doument that says if we need documents from you after closing, you will fully cooperate in providing said items. Most mortgage companies or banks will insure that the loan is salable on the open market. In other words it is a commodity just like any other that is sold on the open market. Most lenders do not hold onto mortgage notes.

CTX Mortgage has had thousands of transactions with satisfied customers who received excellent service and were able to purchase or refinance without incidence. I have had my share of an occasional transaction that went bad, but being the professional that I am, I fix it, even if it cost ME money from my own pocket. I do find, however, that there are some people that always have issues, they seem to attract bad luck.

I am a loan officer, and you have to understand that loan officers are 100% commisioned sales people. Some of them do not operate to company standards and will provide incorrect information during the loan process. In this case the company has to scramble and fix this person's mistake. Please understand we are all human and make errors on our jobs as do each of you. That is why it is important to do business with someone that you feel is trustworthy in all facets of business transactions.

All states have lending practices that must be followed as we are governed by the state and are audited periodically. If you sign documents that are not clear to you then it is YOUR responsibility to work with your attorney to be sure that you are clear on what your are signing. At closing you are also signing a doument that says if we need documents from you after closing, you will fully cooperate in providing said items. Most mortgage companies or banks will insure that the loan is salable on the open market. In other words it is a commodity just like any other that is sold on the open market. Most lenders do not hold onto mortgage notes.

CTX Mortgage has had thousands of transactions with satisfied customers who received excellent service and were able to purchase or refinance without incidence. I have had my share of an occasional transaction that went bad, but being the professional that I am, I fix it, even if it cost ME money from my own pocket. I do find, however, that there are some people that always have issues, they seem to attract bad luck.

I am a loan officer, and you have to understand that loan officers are 100% commisioned sales people. Some of them do not operate to company standards and will provide incorrect information during the loan process. In this case the company has to scramble and fix this person's mistake. Please understand we are all human and make errors on our jobs as do each of you. That is why it is important to do business with someone that you feel is trustworthy in all facets of business transactions.

All states have lending practices that must be followed as we are governed by the state and are audited periodically. If you sign documents that are not clear to you then it is YOUR responsibility to work with your attorney to be sure that you are clear on what your are signing. At closing you are also signing a doument that says if we need documents from you after closing, you will fully cooperate in providing said items. Most mortgage companies or banks will insure that the loan is salable on the open market. In other words it is a commodity just like any other that is sold on the open market. Most lenders do not hold onto mortgage notes.

CTX Mortgage has had thousands of transactions with satisfied customers who received excellent service and were able to purchase or refinance without incidence. I have had my share of an occasional transaction that went bad, but being the professional that I am, I fix it, even if it cost ME money from my own pocket. I do find, however, that there are some people that always have issues, they seem to attract bad luck.

I work with several mortgage companies, and certain universal truths come to light. I have found that with all lending companies, Centex included, about 95% of complaints are because people sign something they do not understand. The remaining complaints are:

1) The appraisal was high/low/wrong/etc.

In answer to this, the mortgage company does not do the appraisal. It is an independent appraiser, typically through a corporate such as GAC, EFS, or LSI. The lendor has nothing to do with it, by design.

2) Forged Documents.

If a loan officer is ever proven to forge a document, he/she would be immediately terminated and likely prosecuted, with a maximum penalty of 10 years in federal prison per occurence. No mortgage company I have ever heard of would risk criminal prosecution, no matter how big the loan. If you can prove it has happened, you are looking at one mother of a lawsuit that you will win.

3) Fees/Foreclosure

Well folks, I am sorry, but a lendor has a right to make you have to pay. No ifs/ands/or buts.

4) Predatory Lending

Probably the most overused term in the industry. It is not predatory lending to try to sell you a loan by focusing on the positive. True predatory lending is a legally definable term, that no mortgage company in their right mind would actually violate due to the fines, penalties, and public outcry if convicted.

In general, I have heard by far fewer complaints from Centex or Centex Home Equity (for bad credit) than any other lendor.

I work with several mortgage companies, and certain universal truths come to light. I have found that with all lending companies, Centex included, about 95% of complaints are because people sign something they do not understand. The remaining complaints are:

1) The appraisal was high/low/wrong/etc.

In answer to this, the mortgage company does not do the appraisal. It is an independent appraiser, typically through a corporate such as GAC, EFS, or LSI. The lendor has nothing to do with it, by design.

2) Forged Documents.

If a loan officer is ever proven to forge a document, he/she would be immediately terminated and likely prosecuted, with a maximum penalty of 10 years in federal prison per occurence. No mortgage company I have ever heard of would risk criminal prosecution, no matter how big the loan. If you can prove it has happened, you are looking at one mother of a lawsuit that you will win.

3) Fees/Foreclosure

Well folks, I am sorry, but a lendor has a right to make you have to pay. No ifs/ands/or buts.

4) Predatory Lending

Probably the most overused term in the industry. It is not predatory lending to try to sell you a loan by focusing on the positive. True predatory lending is a legally definable term, that no mortgage company in their right mind would actually violate due to the fines, penalties, and public outcry if convicted.

In general, I have heard by far fewer complaints from Centex or Centex Home Equity (for bad credit) than any other lendor.

I work with several mortgage companies, and certain universal truths come to light. I have found that with all lending companies, Centex included, about 95% of complaints are because people sign something they do not understand. The remaining complaints are:

1) The appraisal was high/low/wrong/etc.

In answer to this, the mortgage company does not do the appraisal. It is an independent appraiser, typically through a corporate such as GAC, EFS, or LSI. The lendor has nothing to do with it, by design.

2) Forged Documents.

If a loan officer is ever proven to forge a document, he/she would be immediately terminated and likely prosecuted, with a maximum penalty of 10 years in federal prison per occurence. No mortgage company I have ever heard of would risk criminal prosecution, no matter how big the loan. If you can prove it has happened, you are looking at one mother of a lawsuit that you will win.

3) Fees/Foreclosure

Well folks, I am sorry, but a lendor has a right to make you have to pay. No ifs/ands/or buts.

4) Predatory Lending

Probably the most overused term in the industry. It is not predatory lending to try to sell you a loan by focusing on the positive. True predatory lending is a legally definable term, that no mortgage company in their right mind would actually violate due to the fines, penalties, and public outcry if convicted.

In general, I have heard by far fewer complaints from Centex or Centex Home Equity (for bad credit) than any other lendor.

I work with several mortgage companies, and certain universal truths come to light. I have found that with all lending companies, Centex included, about 95% of complaints are because people sign something they do not understand. The remaining complaints are:

1) The appraisal was high/low/wrong/etc.

In answer to this, the mortgage company does not do the appraisal. It is an independent appraiser, typically through a corporate such as GAC, EFS, or LSI. The lendor has nothing to do with it, by design.

2) Forged Documents.

If a loan officer is ever proven to forge a document, he/she would be immediately terminated and likely prosecuted, with a maximum penalty of 10 years in federal prison per occurence. No mortgage company I have ever heard of would risk criminal prosecution, no matter how big the loan. If you can prove it has happened, you are looking at one mother of a lawsuit that you will win.

3) Fees/Foreclosure

Well folks, I am sorry, but a lendor has a right to make you have to pay. No ifs/ands/or buts.

4) Predatory Lending

Probably the most overused term in the industry. It is not predatory lending to try to sell you a loan by focusing on the positive. True predatory lending is a legally definable term, that no mortgage company in their right mind would actually violate due to the fines, penalties, and public outcry if convicted.

In general, I have heard by far fewer complaints from Centex or Centex Home Equity (for bad credit) than any other lendor.

There can be problems when people finance thru the builder's lender or their "preferred lender," because IMO it's a conflict of interest, and allows for much abuse. The behavior ranges from sleazy to outright fraud in similar complaints. Please check out www.hadd.com for more. Good luck.

What exactly are they sending you a modification form for? What information was incorrect? Because, if they are trying to raise your interest rate or loan amount or otherwise do not let them. If they are threatening you please seek outside counsel and start building a case if if comes to that. More than likely the branch or who ever made the mistake is having to pay for that mistake for the life of the loan becuase you refuse to. That's why all the nasty calls... not to mention most of the management, with the exception of a few, have no quams with being rude to a borrower.

You are from Massachusetts... so, who were the Loan Officer and processor for your loan? Was it the No Shore Boston, So Shore Boston, or some other branch... I know some people up in that area for CTX, but maybe not Centex... Do the names Lydia Lunden, June Edson, or Christa Grey ring a bell????

ONE THING IS FOR SURE THEY HAVE NEVER UNDERSTOOD THE CONCEPT OF CATERING TO THE CUSTOMER. THEY HAVE ACTUALLY FORGED DOCS TO GET THE LOAN SOLD TO ANOTHER INVESTOR!!!!!!!!!!!!!!!!

Shawn,

In my last post, I had said I was negotiating a rescission deal with Centex. Well, that's not true. Centex refuses to rescind my loan so we are trying to do a compromise deal.

Anyway, the settlement agreement Centex gave to me is bogus so I revamped it and am still waiting for their comments. Until then, I will do whatever I can to make sure that everyone in the world knows about Centex and their illegal ways.

They lie and steal your homes. Word of advice to anyone on this board: DO NOT FINANCE YOUR HOME WITH CENTEX. DO NOT HAVE ANYTHING TO DO WITH THEM! THEY ARE CROOKS!!

In the other forums I am on, I have posted all the names of the Board of Directors of each company that Centex Corporation owns. Everyone, start writing letters to these people to let them know what Centex is doing to you. Make everyone aware of how they steal your home, strip your equity and resell your home for a profit making money of us all the time. This is where the mafia is now working. In the mortgage business. Loan sharking, that's what they are doing. I'm sure if we dig hard enough we will find RICO charges against Centex. That's racketeering, yes I'm sure they are there somewhere.

If you can get away from Centex, do it. If you can't, fight them and don't let them wear you down. They have different people call you at home, threaten you all the time hoping that one of those persons will be able to break you. DON'T LET THEM DO IT TO YOU! You have rights, and there are laws protecting consumers against this type of harassment.

Know your laws in your state, know what rights you have and start exercising your rights. You all can do it and one day, we will all see Centex fold.

Hi Shawn,

Centex tried to modify my loan and gave me modification documents and then a General Release relieving me of my rights to sue under any circumstance. I refused and told them to sue me, which they can't as then I will be entitled to damages, etc. There were errors on my loan and they called them "clerical errors", but of course no one is buying that one and it gives me the right of rescission because I was the one who brought it to their attention after I had the loan for 1 year.

I told them that if they thought they had a case against me, they should sue, of course that only frustrated them and I got called by everyone at that servicing place. They are just so unbelievable to deal with because all the phone calls I have had with them, they claim never happened, so it's their word against mine. Anyway, Centex has agreed to rescind the loan without going to court, but I have yet to see any paperwork regarding the payoff or rescission. So, not sure if that's what they want to do. I do have funds available for the rescission, but again, have not heard from them in 2 weeks.

the reason they have not sodl your loan is because there is something wrong with it that NO INVESTOR will even think about buying it. What did they try to get you to sign? someone messed up big time...

CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.

Shawn,

Centex has not sold my loan and will not sell my loan. They are listed as the owner of my note so I don't think they ever intended to sell it. Yes, they have tried to get me to sign other documents, but I refused. Will not sign a thing Centex gives me. My loan is being rescinded. I have a court case and am currently in negotiations with Centex regarding the rescission.

I have funds in place and will be discussing settlement. This loan was a bad loan and never should have happened the way it was underwritten. Too many mistakes and Centex's excuse is to say "they were clerical errors". Unfortunately, in the lending world, that constitutes violations because the lender never discovered them and never wanted to fix them until almost 2 years later when I pointed out the errors.

Then they said they were clerical errors and blamed them on the title company. Centex pushes blame on everyone else, except for them. CTX Mortgage should be complete revamped and all the people there fired and newly trained professionals in place instead. They evidently hire people off the street and give them on the job training. That is apparent to me. Why should it be the consumer's fault if documents are not processed correctly.

Consumers have a hard enough time going through the loan process let alone trying to read all those documents. Everything should be explained clearly and all the blanks should be filled in. Centex changed my salary when they found out the loan to value ratio was not enough to qualify me for the loan, then the appraisal came in too low so they decided to inflate it by $60,000. Centex also did not properly disclose all the information about the adjustable rate note.

I never knew it was going to be adjustable until the closing. Something I would never have done but was at the end of my time to refinance because of my divorce settlement. I would have been found in contempt of court had I not signed and more fees added to me by my ex's attorney. Something that I had dangling over my head so I signed the docs but was told to refi after 6 months. This was told to me by the broker and attorney who did the closing.

Centex knew what they were doing and chose to give me a loan I had no ability to repay. That is predatory. Knowing what I know now, I believe that this will never happen, but there are people out there who have no clue and lose their homes to Centex. Just look at their foreclosure rates. Too high and someone should do something about that.

Priscilla...

I am not an ex=loan officer. Corporate employee... If the servicing of your loan is being retained by CTX Mortgage then they must be unable to sell your loan (on conventional and fnma/fhlmc loans) for some reason. Have they tried to get you to sign new docs??? or something like that?

FYI...I have known some L.O's to close loans telling borrowers their escrows are being taken care of when, in fact, the borrowers do not have either a flood or hazard policy in place. Believing they have a policy... yu can only imagine what would happen if their was a casualty and the homeowner thought they were insured!!!!!

Hi Shawn,

Are you a loan officer with CTX/Centex? The reason I ask is that you know a lot about what CTX Mortgage does. I am also a victim and have been fighting with them for 1 year and have tried to get previous employed loan officers on board for a statement to the local authorities.

CTX Mortgage Company in fact does service these loans as my loan was originated with CTX Mortgage Company in New Bedford, NH and is currently being serviced by CTX Mortgage Co. in Dallas, TX.

They are listed as the owner of my mortgage on my loan documents. If this is not true, I'd be interested in hearing about it as do the rest of us who are being serviced by CTX Mortgage Company/Centex Mortgage Company LLC. I have seen what you have described and am trying to prove that to a large law firm who may be interested in filing a class action suit against CTX/Centex.

It's obvious that Centex/CTX did not learn anything from the Fairbanks, Ocwen, Household Finance, Beneficial, Wells Fargo and the list goes on. They think they can get away with these illegal practices they are doing.

I know that a lot of the loan officers with this company have lost their jobs and new ones are in place, but there needs to be a complete overhaul of this company and new training just like with all the rest of the mortgage companies who have been sued. So, if you have any information you are willing to give out, I would be interested in hearing about it.

Hi Shawn,

Are you a loan officer with CTX/Centex? The reason I ask is that you know a lot about what CTX Mortgage does. I am also a victim and have been fighting with them for 1 year and have tried to get previous employed loan officers on board for a statement to the local authorities.

CTX Mortgage Company in fact does service these loans as my loan was originated with CTX Mortgage Company in New Bedford, NH and is currently being serviced by CTX Mortgage Co. in Dallas, TX.

They are listed as the owner of my mortgage on my loan documents. If this is not true, I'd be interested in hearing about it as do the rest of us who are being serviced by CTX Mortgage Company/Centex Mortgage Company LLC. I have seen what you have described and am trying to prove that to a large law firm who may be interested in filing a class action suit against CTX/Centex.

It's obvious that Centex/CTX did not learn anything from the Fairbanks, Ocwen, Household Finance, Beneficial, Wells Fargo and the list goes on. They think they can get away with these illegal practices they are doing.

I know that a lot of the loan officers with this company have lost their jobs and new ones are in place, but there needs to be a complete overhaul of this company and new training just like with all the rest of the mortgage companies who have been sued. So, if you have any information you are willing to give out, I would be interested in hearing about it.

Hi Shawn,

Are you a loan officer with CTX/Centex? The reason I ask is that you know a lot about what CTX Mortgage does. I am also a victim and have been fighting with them for 1 year and have tried to get previous employed loan officers on board for a statement to the local authorities.

CTX Mortgage Company in fact does service these loans as my loan was originated with CTX Mortgage Company in New Bedford, NH and is currently being serviced by CTX Mortgage Co. in Dallas, TX.

They are listed as the owner of my mortgage on my loan documents. If this is not true, I'd be interested in hearing about it as do the rest of us who are being serviced by CTX Mortgage Company/Centex Mortgage Company LLC. I have seen what you have described and am trying to prove that to a large law firm who may be interested in filing a class action suit against CTX/Centex.

It's obvious that Centex/CTX did not learn anything from the Fairbanks, Ocwen, Household Finance, Beneficial, Wells Fargo and the list goes on. They think they can get away with these illegal practices they are doing.

I know that a lot of the loan officers with this company have lost their jobs and new ones are in place, but there needs to be a complete overhaul of this company and new training just like with all the rest of the mortgage companies who have been sued. So, if you have any information you are willing to give out, I would be interested in hearing about it.

Hi Shawn,

Are you a loan officer with CTX/Centex? The reason I ask is that you know a lot about what CTX Mortgage does. I am also a victim and have been fighting with them for 1 year and have tried to get previous employed loan officers on board for a statement to the local authorities.

CTX Mortgage Company in fact does service these loans as my loan was originated with CTX Mortgage Company in New Bedford, NH and is currently being serviced by CTX Mortgage Co. in Dallas, TX.

They are listed as the owner of my mortgage on my loan documents. If this is not true, I'd be interested in hearing about it as do the rest of us who are being serviced by CTX Mortgage Company/Centex Mortgage Company LLC. I have seen what you have described and am trying to prove that to a large law firm who may be interested in filing a class action suit against CTX/Centex.

It's obvious that Centex/CTX did not learn anything from the Fairbanks, Ocwen, Household Finance, Beneficial, Wells Fargo and the list goes on. They think they can get away with these illegal practices they are doing.

I know that a lot of the loan officers with this company have lost their jobs and new ones are in place, but there needs to be a complete overhaul of this company and new training just like with all the rest of the mortgage companies who have been sued. So, if you have any information you are willing to give out, I would be interested in hearing about it.

Centex and it's affiliates are a huge company. They experience high volumes of production. A lot of times forging loan (such as a inal fTRuth-In-Lending Disclosure) docs rather than going back to borrowers for signatures. Or closing loans unaccording to the program guidelines. (i.e. insufficient bank statements,underdisclosed TIL's, low credit scores)

Since they do not retain any servicing they quickly sell their products to lenders covering up these errors in bulk commitments and through ploys by secondary marketing.

The forging and covering up docs in particular is done by the resolution department under Curtis Evans. Having time restraints in which penalties are imposed forces them to sign docs, fabricate docs, etc. Curtis has instructed employees to sign, date, and re-create documents.

Wells Fargo in particular has quit purchasing conventional loans from CTX Mortage due to the fact that corrected original docs couls not be provided, only copies. Not to mention the fact CTX does not comply with the post purchase/follow up docs they are supposed to after they sell the loan.

Since this was reported in 2003, how are you doing now? What is the status of your case. Thank you as I am a victim of Centex Home Equity/CTX Mortgage/Centex Corporation. I'm interested in the status of your case. Please post that info if you can below.

Since this was reported in 2003, how are you doing now? What is the status of your case. Thank you as I am a victim of Centex Home Equity/CTX Mortgage/Centex Corporation. I'm interested in the status of your case. Please post that info if you can below.

Since this was reported in 2003, how are you doing now? What is the status of your case. Thank you as I am a victim of Centex Home Equity/CTX Mortgage/Centex Corporation. I'm interested in the status of your case. Please post that info if you can below.