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  • Report:  #843098

Complaint Review: Residential Home Funding Corp

Residential Home Funding Corp RH Funding Cease & Desist order State of New Hampshire Internet, Internet

  • Reported By:
    Whistle — Guy New Jersey United States of America
  • Submitted:
    Thu, February 23, 2012
  • Updated:
    Sat, March 31, 2012
*UPDATE Employee: Disgruntled Former Employee Gets His Facts Wrong *Consumer Comment: RHF Rebuttal is False

This company acts has had a Cease and Desist order from the State of New Hampshire. In fact 15 Counts including unlicensed activity and document shredding.

Please see:

http://www.nh.gov/banking/orders/enforcement/documents/10-182-otsc-20110513.pdf

For the full report on the Cease and Desist.

I posted this because AI feel it is necessary to inform the public. The company was also audit by HUD The Department of Housing and Urban development. HUD has them indemnify 1.6 Million in loans because of inadequate underwriting.

Please see:

http://www.hudoig.gov/pdf/AuditReports/MD/ig1031004.pdf

Do not do business here!

2 Updates & Rebuttals

Spyderweb

Port Chester,
New York,
United States of America

RHF Rebuttal is False

#3Consumer Comment

Sat, March 31, 2012

Residential Home Funding  NH Cease and Desist was not Withdraw-RHF's Rebuttal is False.  RHF was issued a Cease and Desist from the New Hampshire Department of Banking on 10/21/2011.  The case # is 10-182 and the company was forced to pay a $15,000 fine in administrative penalties, refund $3,980 in fees collected from customers, and cease and desist all unlicensed mortgage loan activity. 

Here is copy of the link on the New Hampshire Banking Department's website:

http://www.nh.gov/banking/orders/enforcement/documents/10-182-co-20111021.pdf

This matter was not dismissed as RHF has stated in its rebuttal.   Please go the New Hampshire Department of Banking website and view the case for yourself.

Do not do business with this company.  

Compliance RHFC

United States of America

Disgruntled Former Employee Gets His Facts Wrong

#3UPDATE Employee

Tue, February 28, 2012

This posting was made by an ex-employee caught violating company policy and was posted for retribution purposes.  The NH Cease and Desist was withdrawn. There was no "document shredding" which is a silly statement.  The HUD Audit is about another company with a similar name based in Maryland and not the company referred to here by the poster.

Respond to this Report!