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Latest Business News

Mortgage Telemarketing Gets Scrutiny

Tuesday, May 29, 2007 1:28:44 PM
By BRIAN BERGSTEIN

Actress, filmmaker and author Adryenn Ashley holds up one of the numerous mortgage solicitations she has received in the mail at her home office in Petaluma, Tuesday, May 22, 2007. (AP Photo/Eric Risberg)BOSTON (AP) - As a former mortgage broker, Adryenn Ashley thought she knew what to expect when she refinanced her house in March. Yet Ashley was unprepared for one twist she encountered: A barrage of phone calls and e-mails from rival lenders vying to sell her a better mortgage.

Some of the callers apparently knew just how much money she was borrowing. Others made such misleading come-ons such as "We need to update your information," or "We need to complete your application," Ashley recalls.

"I have privacy concerns over that," she said from her home in Petaluma, Calif. "My information should be confidential."


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