Trigger Leads BANNED!

Last Friday, something I have been writing about for years finally happened. Trigger leads have been banned!

The bipartisan Homebuyers Privacy Protection Act (H.R. 2808) is now official. The law doesn’t go into effect until March of next year… so unless you protect yourself and opt-out of being harassed by strange loan officers or I mean, loan officers who are strangers, you will still feel very popular after having your credit pulled.

Honestly, even after this goes into effect, I still recommend protecting your credit by following these steps.

Of course, if you’re thinking about buying or refinancing your home, I am happy to help you!

A Win for Borrower Privacy: What the New Trigger Leads Bill Means for You

I’m excited to share some important and timely news that’s poised to make your homebuying experience smoother, less stressful, and more private. If you’re a long time reader of The Mortgage Porter, you know that I have a huge beef with trigger leads with the articles I’ve written. Let me break down the latest developments around the Homebuyers Privacy Protection Act (H.R. 2808)—also known as the “Trigger Leads” bill—and explain exactly what it means for you. [Read more…]

Tired of “Trigger Leads”? Take ACTION NOW!

If you’ve applied for a mortgage, you are probably painfully aware of what it’s like to be a “trigger lead”. When your credit is pulled, the consumer reporting agencies resell your information to lenders. These unfamiliar lenders relentlessly harass consumers via phone calls and even text messages. This is very different than consumers who sign up to receive calls from various lenders when the consumer visits and enters their contact info into “lead generating” websites in search of rate quotes. A person having their credit pulled by a lender they have selected should not involuntarily be subject to having strange lenders contact them. [Read more…]