Mortgage Trigger Lists

REALTORS® are hearing more complaints from new home buyers about the constant barrage of credit offers due to “trigger lists.” Trigger lists are generated when a credit inquiry is made, usually upon application for a mortgage or other credit product. The Federal Trade Commission (FTC) is encouraging REALTORS® and consumers to file complaints with the FTC if they encounter unfair or deceptive trade practices relating to the use of trigger lists. Individuals may “opt out” of receiving prescreened offers of credit by visiting www.optoutprescreen.com, or learn more at www.ftc.gov/bcp/conline/pubs/credit/prescreen.pdf.