federal loan modification law center
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Meracord, Noteworld, and Fidelity and Deposit Company Hit With Class ActionWhile the flood of lawsuits against debt settlement companies has slowed considerably yet one more class action has been added against Meracord, Noteworld, and Fidelity and Deposit Company of Maryland. This time in Arizona. The complaint provides...
- Posted December 10, 2013
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A Bunch of Mortgage Relief and Loan Modification Companies Banned by FTC
Eight marketers are banned from selling mortgage modification or foreclosure relief services under settlements with the Federal Trade Commission. The FTC alleged that the marketers charged homeowners up-front fees and falsely claimed they could get their mortgage...
- Posted July 28, 2010
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FTC Hits Mortgage Relief and Foreclosure Rescue Scams Hard
As part of the agency’s continuing crackdown on scams that prey on financially distressed homeowners, the Federal Trade Commission announced legal actions against more than a dozen marketers accused of pitching bogus mortgage modification or foreclosure relief...
- Posted June 17, 2010
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Federal and State Agencies Target Mortgage Foreclosure Rescue and Loan Modification Scams
Federal and State Agencies Target Mortgage Foreclosure Rescue and Loan Modification Scams July 15, 2009 FTC Leads “Operation Loan Lies” to Stop Fraud and Help Distressed Homeowners Federal Trade Commission Chairman Jon Leibowitz, joined by California Attorney...
- Posted January 21, 2010
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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...
- Posted July 20, 2009
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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...
- Posted June 11, 2009
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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...
- Posted April 6, 2009
