US EditionLegislation to prohibit ‘trigger leads’ in mortgage industry reintroduced in House, Senate
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Legislation to prohibit ‘trigger leads’ in mortgage industry reintroduced in House, Senate
Legislation to prohibit so-called “trigger leads” in the homebuying process once again has been reintroduced in the House and Senate. “Trigger leads” are controversial for both consumers and mortgage industry participants. When a mortgage lender orders a credit report on a consumer, the credit bureau providing the report may then alert various other mortgage lenders who have subscribed to a service of that fact, which is a good indication that t…
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