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| Two companies have been sued by the state of Missouri over telephone calls to prospective borrowers.
The lawsuit was filed Wednesday in St. Louis City Circuit Court against First United Mortgage Corp., located in Orlando, Fla., and telemarketer Scorpio Systems Ltd., out of Frisco, Texas, according to an announcement from the state’s attorney general. Missouri is asking for a temporary restraining order preventing the companies from making calls to people on the state’s No Call list and for an order requiring they pay penalties and state costs. Since August 2005, the two companies made 146 calls soliciting mortgage refinances to people on the list, the statement said. “The defendants in this case have ignored our law, and they need to be held accountable,” Attorney General Jay Nixon said in the announcement. A First United spokesman was not immediately available for a comment. |
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Sam Garcia worked in mortgage lending for twenty years prior to becoming publisher of MortgageDaily.com, MortgageChronicle.com, FraudBlogger.com and CloserBlog.com. email: SamGarcia@MortgageDaily.com |
7 Refinance Strategies
Refinance to a lower interest rate: If interest rates have dropped since you took out your original mortgage, refinancing to a lower rate can help you save money on your monthly payments and reduce the overall cost of your loan. Refinance to a shorter loan term:...
