Mortgage Lending: Newly Enacted Restrictions May Help Curb Unwanted Solicitations While Preserving Comparison Shopping
What GAO Found When homebuyers apply for a mortgage, lenders request their credit reports from credit reporting agencies. These agencies may then sell the homebuyers’ contact and credit information to other lenders and brokers, which use it to send competing loan offers. Before recent legislation, credit reporting agencies could, without the homebuyer’s consent, provide this information to those that did not have an existing relationship with the homebuyer (see figure). Thus, homebuyers could receive dozens of mortgage solicitations by phone or text in a short period. Example of the Mortgage Trigger Lead Marketing Process According to industry stakeholders, the primary benefit of trigger le.
Reported by Maria LopezMortgage Lending: Newly Enacted Restrictions May Help Curb Unwanted Solicitations While Preserving Comparison Shopping.
The item is dated Tue, 06 Oct 2026 07:29:33 -0400.
TeamCog is carrying it as a audits report from GAO reports and testimonies RSS.
What GAO Found When homebuyers apply for a mortgage, lenders request their credit reports from credit reporting agencies.
These agencies may then sell the homebuyers’ contact and credit information to other lenders and brokers, which use it to send competing loan offers.
Before recent legislation, credit reporting agencies could, without the homebuyer’s consent, provide this information to those that did not have an existing relationship with the homebuyer (see figure).
Thus, homebuyers could receive dozens of mortgage solicitations by phone or text in a short period.
Example of the Mortgage Trigger Lead Marketing Process According to industry stakeholders, the primary benefit of trigger le…
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GAO reports and testimonies RSS. Accessed 2026-10-06T15:00:04.110Z.