This Company utilized forced insurance on an 87 years of widow on a fixed income and has nearly doubled her monthly payments. They knew she had no other means of support and income; and also knew she could not acquire insurance...not even with Citizen because her 4 point inspection failed. They knew her roof was in need of complete replacement and for months stalled on processing the modification. Now they have sold her to another mortgage company. The stipulation would have been to get her roof fixed, once they modified the loan and then she would acquire insurance and sustain and maintain a lower monthly payment. As is...she still has a payment higher than her Social Security check and has to worry where she will live the remainder of her years. It is really a sad situation!!!

My husband fell back on his mortgage due to financial setbacks. We notified wilshire to let them know if we can fill out a hardship form. So they sent us one in 1/07. So in the end of 2/07 I asked them did they look over our hardship form and they said they could not find it so. I said would you please send me another one so they did. I did not receive it until late June. I faxed over it and mailed it with all our personal papers to make a long story short they finally told me and my husband that besides us being behind on our mortgage that it also went from 6.75 Percent to 9.75 Percent. We don't want to lose our home but this is not right. Oh by the way we asked them to refinance us and they said they have nothing to do with that part.

My husbands credit is not good and we are late with our payments but no one will help us in this situation.

We had originally had our loan with a different company and they sold our mortgage without permission to Wilshire Credit Corp. Things went fine for about 2 years and then the high interest rate was put upon us as we bought the house in 2005. They increased our payment by several hundred dollars. My wife had to have 6 surgeries on her leg and is now having to file disability and we applied for a hardship loan modification and they told us to hold off sending payments for 2 months until they finalized the deal and they would refinance our escrow payments in with the remodification. They came up with a payment we could afford and we made that payment and they very next month they increased our escrow payments from 139.20 a month to 190.50 per month and used the excuse that it was the two months escrow we didnt pay, cause they told us not to that they would add it in, and was also a "cushion payment of an extra 304.00" just in case so they can make sure we have enough in our account to pay our insurance and taxes. I called the tax assessor and our insurance company and neither had increased in payment . We called for 3 days talking to Wishire and they said we had to pay it regardless. So instead of lowering our payment in they hardship program, they increased it more than it was. I suggest anyone doing business with people to get refinanced out from under them quick or they will nail you for as much money as they can and there is nothing you can do about it.

Wilshire Credit Corporation did a forced placed hazard insurance on our account. We provided documentation to the lender that we have had insurance since the date of purchase thru the home owners association. Their insurance company said they were charging us 799.94 dollars a year however according to the monthly statements they were charging us 230.89 a month. pulling 27.61 from the escrow account putting the escrow account into the negative 1, 800.00.

I was told from their insurance company that once they verified insurance from the home owners association they would credit our account. The funds were never credited back to our escrow account and as a result of the funds never being credited back to our escrow account, they raised the escrow from 605.00 a year to 805.00 that is a 200.00 dollar increase. The property value has not gone up. In fact from 2006 to 2008 the property value dropped from 113, 000 to 105, 000.

I contacted the county tax assessor and they sent me a copy of the real property valuation and it does not justify the reason for the 200.00 increase for the escrow and as orginally stated on the loan we pay our insurance directly to HOA which also includes the payment for the water, trash and lawn. I sent a certified letter to the Loan Servicing agent asking for an explanation on the lack of funds in my escrow account and a reason for 200.00 increase on my escrow account when the value of the property has not gone up and our hazard insurance is paid thru HOA.

My mortgage payments have never been behind just late and we do owe late charges which is 30.00 after the 10 of every month. Every month I am becoming more and more delinquent with this account. They have added a 445.64 suspense account and 306.00 as other when just last month the other was only 135.73 Wilshire Credit Corporation will not provide me a written statement for the continued increase in the suspense account or other account or what happened to the monthly funds that were to be applied to my escrow account.

When I call they charge me with missing payments but i have money orders for some, express mail signatures on others and withdrawals from my checking account. If they were totally on the up an up I would have written reasons coming from someone but no one wants to provide the reasons for these charges in writing.

My situation is a mess courtesy of Wilshire Credit Corp. I have two mortgage companies. In late June 2008, the short sell process was started. In late September, an offer was made on the home. The home was close but not yet in foreclosure. No one was notified of the foreclosure date set for mid-October. All the information needed was faxed over to Wilshire, 3 times with confirmations in hand before the foreclosure date.

Last week the second mortgage company calls me requesting to resend information to complete the short sell for close. This week the second mortgage company sends me information about short sells and the monthly bill. Wilshire did not notify the second mortgage company or me, the home owner, or the Realtor who was handling the entire procedure. We found out because the Realtor called to check the status of the short sale approval.

What makes the situation worse is that Wilshire stands to lose only $200 on the short sell and yet would rather let the home foreclose. This is just bad business.