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Tag Archives: fedmod

Foreclosure Rescue and Mortgage Modification Help Just Bad Actors in New Clothes

Ready to Collapse

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 company. For fees reaching ... Read More »

    FBI & FTC Investigating Foreclosure Rescue Companies and Loan Modification Schemes

    Ready to Collapse

    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 coordination with federal, state, and ... Read More »

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