California Attorneys Disbarred For Loan Modification Activities and Rolls Out Tough New Regulations Regarding Mortgage Foreclosure Consultants
Threatening possible criminal and civil prosecution, California Attorney General Edmund G. Brown Jr. today ordered 386 mortgage foreclosure consultants to post $100,000 bonds and register with his office. He also ordered more than two dozen companies to justify suspicious loan modification claims made in “slick advertising,” online and through the mail. The companies that were …