federal loan modification law center
Foreclosure Rescue and Mortgage Modification Help Just Bad Actors in New Clothes
The New York Times has a great article out about the transformation of subprime mortgage brokers into new entities that promise to sell help for people to get mortgage help.
Late last year, he and his team — ensconced in the same office where they used to broker mortgages — began working for a loan modification [...]
New York Attorney General Goes After Loan Modification and Foreclosure Rescue Companies for Screwing Consumers
Attorney General Andrew M. Cuomo announced his office is taking legal action against a leading New York foreclosure rescue company for charging illegal up-front fees and engaging in consumer fraud. The company targets homeowners facing foreclosure by claiming that it can save their homes, but often fails to provide the services promised. The Attorney General’s [...]
FBI & FTC Investigating Foreclosure Rescue Companies and Loan Modification Schemes
The Federal Trade Commission today announced a crackdown on fraud and deception by mortgage modification and home foreclosure rescue companies. The FTC is seeking to halt the proliferation of these mortgage relief scams – which target distressed and vulnerable consumers who are delinquent or facing foreclosure – through increased law enforcement, consumer outreach, and close [...]
