An increasing number of mortgage originators are receiving urgent calls from their borrowers who recently applied for a mortgage. Most originators have been there before. After courting your borrowers ...
The trigger lead debate has been raging for years; multiple bills to ban or limit the practice have been introduced to Congress, and the largest national trade associations representing originators ...
Mortgage trade groups recently came closer to achieving a legislative victory by curbing a longstanding practice: the abusive use of credit trigger leads. However, the outcome of recent elections has ...
So you’ve just pressed the submit button on your mortgage application, and next thing you know you get a call from someone claiming to work with the lender. There was a glitch in the application, they ...
A coalition of bipartisan lawmakers in the U.S. Senate on Wednesday introduced legislation targeting the practice of mortgage trigger leads. The bill, designated “S.3502,” is designed to “amend the ...
Trigger lead legislation was reintroduced in the House and Senate Thursday, signaling that a nationwide ban could be near. A measure to prohibit credit bureaus from selling consumer data when mortgage ...
If you applied for a mortgage recently, your phone might be ringing off the hook with competing loan offers. Legislation sailing through Congress would change that. Those calls from unknown numbers, ...
TAMPA, Fla. — A bill proposed in the U.S. House that would block what is known as “trigger leads” is creating debate between consumers and the financial sector. All three major credit reporting ...
The Broker Action Coalition (BAC) welcomes the passage of the Homebuyers Privacy Protection Act, bipartisan legislation that limits the sale of trigger leads. With ...
If you’ve applied for a mortgage recently, you’ve probably also received a dozen cold calls from brokers trying to get you to apply for a mortgage with them. For the past few years, mortgage brokers ...