Deceptive Community Reinvestment Act Offers

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FDIC Consumer News – Spring 2007 – Warning About Deceptive Mortgage Offers


Related Financial Services - The following Debt Consolidation Loan Directory listings of companies are offered to assist you with gaining control of your personal finances and the management of your money. Also, feel free to review the rest of the sub-directories on DebtConsolidationLoan.com to shop for other finance products, such as credit cards and mortgage refinancing.

  • Debt Settlement Company - If you have too many credit cards and other small debts and are unable to make your payments, this form of debt negotiation may be right for you.
  • Debt Management Services - Do you feel that your credit card bills are stacking up with nowhere for you to turn? Your problem is not unique. Signing up with debt management firm may be the right solution to your debt problems. Review different firms offering these services to determine if this is the correct option for you.
  • Get Personal Loan - Shopping for a personal loan online? Need to consolidate debt, but do not want to put up collateral (such as your home or car) as security? These loans are typically referred to as unsecured or signature loans, because only your signature may be required.

Deceptive Mortgage Offers


The FDIC is warning homeowners to beware of lenders attempting to lure in customers by claiming to be giving cash or grants under a program tied to the federal Community Reinvestment Act (CRA). Some of the solicitations also imply that the FDIC endorses or supports the offers.


The CRA does not entitle individuals to grants or loans, and the FDIC does not endorse or sponsor mortgage loan programs. Consumers considering a loan secured by their home are urged to comparison shop at a variety of lenders.


Useful information on shopping for a home loan also can be found on the FDIC's Web site at www.fdic.gov/consumers/looking/index.html.


Spring 2007 | The FDIC Sign Is Changing | New Deposit Insurance Resources in English and Spanish |
Deceptive Mortgage Offers | Treasury Report: Direct Deposit Safer Than Checks


FDIC Consumer News is published by the Federal Deposit Insurance Corporation


FDIC Consumer News is produced quarterly by the FDIC Office of Public Affairs in cooperation with other Divisions and Offices. It is intended to present information in a nontechnical way and is not intended to be a legal interpretation of FDIC or other government regulations and policies. Mention of a product, service or company does not constitute an endorsement.


Find current and past issues of FDIC Consumer News at http://www.fdic.gov/consumernews. Refer to this same index to locate the issues that are specially formatted for being reprinted in any quantity.


To receive an e-mail notice about each new issue of FDIC Consumer News posted on the FDIC Web site, with links to stories, follow instructions posted at www.fdic.gov/about/subscriptions/index.html.


Last updated on 5/08/2007

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