There are a variety of reasons, but if you have an adjustable rate mortgage, read this story about Barclays Bank increasing your mortgage payment by criminally manipulating the LIBOR rate. They settled for $450 million dollars, and their chairman resigned (because they got caught).
The LIBOR rate is used frequently to gauge when mortgage interest rates increase here in the United States. Its probably the most common rate used, and would be listed on the promissory note from your home closing documents. When LIBOR increases, many American mortgage payments increase. Barclays manipulated that rate to increase their own profits, and the profits at other big banks, at the expense of millions of homeowners struggling to keep a roof over their head.
If you are tired of being treated unfairly by big mortgage companies, learn about your rights during a free, initial bankruptcy consultation.
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