Lender Fined for Deceptive Ads
Deceptive advertisements that violated the Truth in Lending Act and the Mortgage Acts and Practices Advertising Rule will cost a California company a quarter-million dollars.
CFPB Report IDs Mortgage Compliance Violations
A report from the Consumer Financial Protection Bureau identified several areas where mortgage firms are violating rules, regulations and laws.
Regulatory Actions Taken Against 3 Lenders
Allegations of false advertising through marketing pieces that appeared to be government-affiliated have landed three separate mortgage banking firms in hot water with federal regulators.
Refinance Marketing Picks Up
As interest rates on home loans have fallen below 4 percent, many mortgage firms are opening the marketing spigot to lure prospective refinance borrowers.
Mortgage Advertising Strategies
Mortgage firms are promoting their marketing messages through multiple channels including billboards, radio and television. One company announced plans to generate secure loan applications directly from social media.
Refinance Mortgage Leads Settlement
A company that generates refinance mortgage leads has settled charges that it misled loan prospects about the cost of the transactions.
Reverse Lender Accused of Misleading Advertising
A reverse mortgage lender has settled allegations that it used deceptive advertising in its direct mail marketing campaign.
FHA Reducing Risk on HECMs
The Federal Housing Administration is taking steps to address heightened risk from mortgagees that are pushing borrowers to take maximum draws on reverse mortgages as early as possible.
The LinkedIn Phenomenon
LinkedIn has turned into a powerful tool for the business world. And while there are many steps that can enhance its effectiveness, there are also practices that should be avoided.
Settlement Reached Over Deceptive Mortgage Ads
A home builder accused of deceiving prospective borrowers about the true cost of their residential loans has agreed to a settlement.