Tuesday, March 3, 2015

Mortgage Lenders False Advertising Is Going To Bite Them In The Butt

Damn, I just can't even believe people sometimes! Really, with all the crap our country has been going through related to the crash of the housing market last decade, they would fraudulently advertise that their loan advertisements were being sent out by our government?

Sheesh....smh.....(ShakeMyHead) in wonder. Absolutely disgusted with anyone that has anything to do with false crap!

So the CFPB (Consumer Financial Protection Bureau) is stepping in. YES!

Not a huge fine. The one in California is paying 85K and prohibited from further advertising of the GSE loans. But at least they are getting a bit of a butt bite!

At any rate, the point of this post? DON'T TRUST ADVERTISING!! Do not pick a lender, or a Realtor for that matter, based upon a piece of paper you received in the damn mail. Or on your doorstep either.

Please, get a referral from a friend. If you don't have a friend, PLEASE, do further research on the advertising you received.

Thank you.

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