[RyanS]

escrow requirements? I closed on a mortgage for a new home in early April 2011. The loan is a conventional 30-year fixed mortgage. It hasn't even been six months now, and we just got a notification that our mortgage payment is increasing by 28.5% (with the escrow portion increasing by 104%). Are there any laws against so blatantly underestimating escrow payments when selling a new loan? The hazard insurance and tax information were available and have not changed at the time of closing. My wife is furious and wants to take action, but I have no idea what action is available to us. Taking on a bank doesn't seem like it would likely be fruitful. But this sort of thing sounds very much like the predatory lending of 2008 (and prior), and I thought that was a thing of the past.Any suggestions?Most answers seem to be focusing on the possibility that taxes, insurance, or something else increased. As stated above, there have been NO INCREASES in the ACTUAL expenses. As some have said, those expenses are what they are. Last year's taxes were roughly identical to this year's taxes. I'm still in the first year of insurance, and that information was provided to the lender PRIOR to closing. My escrow account pays no other costs than taxes and insurance.It seems an issue of gross negligence on the lender's part.