MORTGAGE RIGHTS
Account Histories Introduction to Account Histories We are all familiar with monthly statements and escrow disclosures, but most of us have never seen an account history. An account history is a record of all transactions for the loan account from the beginning to the present day. As you will see from the examples below, account histories from one servicer may look nothing like another servicer's account history. Generally, an account history should have a record for every payment made by the homeowner, including the amount, the date on which the payment was posted in the accounting system, and how the payment was applied to principal and interest. The account history should also show the total amount due after the payment was applied. The account history may give more information such as escrow payments and balances and suspense accounts. The CFPB requires servicers to have a servicing file for every loan that includes "a schedule of all transactions credited or debited to the mortgage loan account, including any escrow account as defined in § 1024.17(b) and any suspense account;" Here are some examples taken fro my clients' files. You will notice that some are practically unreadable, which is why I put together spreadsheets of my client's accounts.
NEXT: The Basics of Reading an Account History
 MORTGAGE RIGHTS
The site does not provide legal advice. Neither Susan LaCava nor her law firm, LaCava Law, S.C., represent you until there is a signed retainer agreement.
Account Histories Introduction to Account Histories We are all familiar with monthly statements and escrow disclosures, but most of us have never seen an account history. An account history is a record of all transactions for the loan account from the beginning to the present day. As you will see from the examples below, account histories from one servicer may look nothing like another servicer's account history. Generally, an account history should have a record for every payment made by the homeowner, including the amount, the date on which the payment was posted in the accounting system, and how the payment was applied to principal and interest. The account history should also show the total amount due after the payment was applied. The account history may give more information such as escrow payments and balances and suspense accounts. The CFPB requires servicers to have a servicing file for every loan that includes "a schedule of all transactions credited or debited to the mortgage loan account, including any escrow account as defined in § 1024.17(b) and any suspense account;" Here are some examples taken fro my clients' files. You will notice that some are practically unreadable, which is why I put together spreadsheets of my client's accounts.
 MORTGAGE RIGHTS
 MORTGAGE RIGHTS
The site does not provide legal advice. Neither Susan LaCava nor her law firm, LaCava Law, S.C., represent you until there is a signed retainer agreement.
Account Histories Introduction to Account Histories We are all familiar with monthly statements and escrow disclosures, but most of us have never seen an account history. An account history is a record of all transactions for the loan account from the beginning to the present day. As you will see from the examples below, account histories from one servicer may look nothing like another servicer's account history. Generally, an account history should have a record for every payment made by the homeowner, including the amount, the date on which the payment was posted in the accounting system, and how the payment was applied to principal and interest. The account history should also show the total amount due after the payment was applied. The account history may give more information such as escrow payments and balances and suspense accounts. The CFPB requires servicers to have a servicing file for every loan that includes "a schedule of all transactions credited or debited to the mortgage loan account, including any escrow account as defined in § 1024.17(b) and any suspense account;" Here are some examples taken fro my clients' files. You will notice that some are practically unreadable, which is why I put together spreadsheets of my client's accounts.
 MORTGAGE RIGHTS
 MORTGAGE RIGHTS
The site does not provide legal advice. Neither Susan LaCava nor her law firm, LaCava Law, S.C., represent you until there is a signed retainer agreement.
Account Histories Introduction to Account Histories We are all familiar with monthly statements and escrow disclosures, but most of us have never seen an account history. An account history is a record of all transactions for the loan account from the beginning to the present day. As you will see from the examples below, account histories from one servicer may look nothing like another servicer's account history. Generally, an account history should have a record for every payment made by the homeowner, including the amount, the date on which the payment was posted in the accounting system, and how the payment was applied to principal and interest. The account history should also show the total amount due after the payment was applied. The account history may give more information such as escrow payments and balances and suspense accounts. The CFPB requires servicers to have a servicing file for every loan that includes "a schedule of all transactions credited or debited to the mortgage loan account, including any escrow account as defined in § 1024.17(b) and any suspense account;" Here are some examples taken fro my clients' files. You will notice that some are practically unreadable, which is why I put together spreadsheets of my client's accounts.
 MORTGAGE RIGHTS
The site does not provide legal advice. Neither Susan LaCava nor her law firm, LaCava Law, S.C., represent you until there is a signed retainer agreement.  MORTGAGE RIGHTS