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Mortgage

The mortgage ‘upsell’ is alive and well

Want some fries with that mortgage?

Mortgage upselling – or the process of putting borrowers into higher-cost loans – is alive and well, the The Los Angeles Times claims in a new report. 

During the housing boom, it was all too common for loan officers to place borrowers into more expensive home loans due to the incentives offered.

But it seems the Consumer Financial Protection Bureau is following the issue closely.

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3d rendering of a row of luxury townhouses along a street

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