It should and probably is against the law for CENLAR to charge 19.95 a month to home owners that had nothing to do with CENLAR aquiring their mortgages in the first place. Class action suit????
Just think about it, when Taylor, Bean and Whitaker went out of business and the powers that be assigned TBW loans to CENLAR, how many loans are they now collecting interest from and they have the audacity to add a 19.95 service charge. 19.95 times how many loans? Is this legal??
Greed will be their downfall as well. We should all just refinance at lower rates and see where CENLAR's income comes from then!