Wilshire Credit Corp, used collection agency tactics, slander and fraud when trying to take my home that caused financial and emotional damages in my life.

I was an unemployed, high risk, first time home owner with an ARM, first and second mortgage, interest only, zero down, no escrow with 5 PPP loans, bordering a flood zone. The perfect high risk target for Wilshire. Wilshire bought my loans 2 months after I got them from Wilmington.

Wilshire wrongfully reported my loan balances to the credit burro in order to negatively bleed my credit. Clearly Slander

On my secondary loan, I was paying into principle / equity but my credit report showed I owed more then I barrowed for both interest only loans. In 2 years when the ARM loans adjusted and I would not have been able to refinance out of the ARMs because of low credit score caused by Wilshire's Slander.

Wilshire forced flood insurance in an area that is not considered a flood zone, but does border one. This was the dispute that prompted me to refinance after only being in the home 9 months. There is more to this but I want this to be a summary of what happened to me and my family.

Wilshire never sent me a MIP Refund, isn't that Theft?

Collection Agency Tactics
The Software used to manage / service Home Loans was Collection Agency Software used to manage people with bad dept already.

Because they (Wilshire) call themselves a service company they don't have to treat us like we (The Homeowners) were still customers of a home lending institution.

My first payment to Wilshire was late due to one of the accounts not being set up correctly. Once it was I made the full payment for both loans at the same time.

Wilshire then charged late fees, I contacted them and they agreed to reverse the late charges. Not over.
They only reversed late fees on one of the loans not both so I had to all again. Then that got fixed and the late fees popped back up on the next months bill and on and on...

Dozens of calls later over several months it was fixed and the late charges were removed for good.
I can say during all the calls to try to get this fixed I got, the 1 hour hold, shifted from one person to another and another and then dropped, received then disconnected and probably a few others I have forgot now.

Wilshire is a predatory lender that is hurting the American people and should be stopped.

wilshire credit corp tacked on 500.00 to my mortgage before i know if i got approved for a " Making home affordable program" for the taxes to be escrowed. How can they do this before an approval and if my mortgage was already to high what made them think i could pay an extra 500.00 a month. They did not even notify me to see if I could afford the payment.

We sent in our paperwork for possible reworking of our loan to freeze our old interest rate that reset from 6.99% to 8.99% in April of this year. We sent our paperwork to Wilshire in Feb 08 well before our loan was to reset. We explained that we could continue to pay our loan on time with our current interest rate, but that the added 340.00 dollars per month at the reset rate was going to cause us great hardship. They confirmed receipt of all info they needed on March 13, 2008. It is now July 23, 2008 and we are still waiting for any response from Wilshire on this. Per Wilshire the process should have taken a few weeks to perhaps 6 weeks to complete. After repeated phones calls thru the most aggravating system I have ever used, they don't know why it's taking so long and have no explanation or information where the process currently is. I have sent many certified, delivery confirmation letters in regards to this as well as my phone calls with still no answer from Wilshire. We have been told that Wilshire has to respond in writing to us within 30 days of receipt of these letters, but are still waiting. Unbelievable! And there doesn't seem to be any resources to help us other than to attempt to hire an attorney that we frankly cannot afford. We are still struggling with making the higher payment, but these games that Wilshire plays with us are simply HORRID and should if not ARE illegal. Any help or info on this would be greatly appreciated. Any resource info would help us!

Wilshire foreclosed on a property in Arizona. I later bought it from a company that bought it at auction from the trustee that Wilshire hired to sell it. Two weeks after the auction, after I closed on my purchase of the property, they (Wilshire) ordered the home broken into by a national bullying company named Safeguard Properties (800-852-8306). They (Safeguard employees) destroyed new locks we had just put in and in the process destroyed the entry door. During the first several hours of this issue both Safeguard and Wilshire hid behind a cloak of secrecy, a maze of never-ending phone trees, and no options to speak to a human being without an account number.

I'm going to charge them for the damages, the time I spent chasing this to ground, and I might as well add legal fees, duress, etc. Wish me luck.

well I had one of those adjustable rate mortages, I was late a few times because wilsire mortage company rolled my taxes in my payment. I sent them a letter to tell them I pay my taxes on my own I was only 5 months from being late on paying the county. I just went though a divorce and money was tight. They charged me 1000.00 extra a month, but could work out a payment plan that took 2 months to approve. so I fell behind and intrest and extra late fees happened . so to this date I am current with them on my mortage but the repayment plan over 36 months would be 125.oo extra per month on top of the 300.o per month new escrow which should be 425.00 each month on my payment. to date I pay 681.00 per month to my taxes. I have sent letters, faxes and e mails to this company and I get no where! I would never want any one to use this company again!