TILA-MDIA

Mortgage Lead Generation Firms Continue to Violate Federal and State Laws

So here we go again.  Now that mortgage rates are headed up, the deceptive lead generation ads are crawling back onto the web.  Here’s a great example from a Google ad:
FHA Refinance 4.0% Fixed
$160,000 FHA mortgage for $633/mo. No SSN req. Calculate payments now!
MortgageRefinance.LendGo.com
When clicking through, the lendgo.com lead generation site asks some simple questions like [...]

15Apr2010 | mf | 12 comments | Continued

TILA-MDIA

Truth-in-Lending Amendments
Regulation Z, Subpart C, Closed End Credit, Section 226.17,
General Disclosure Requirements
Effective July 30, 2009 
Please note, the author of this blog post is Gordon W. Schlicke
 
Sec 226.2
General Business Day Definition.  With regard to the timing of mandatory disclosures, the definition of a general business day is: “A day on which the creditor’s offices are open to [...]

24Nov2009 | mf | 22 comments | Continued