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Topic: Federal Trade Commission (FTC)

Feds, States launch crackdown on foreclosure scams, loan fraud

 

Civil enforcement cases, state enforcement actions, alert to financial institutions among new efforts to protect American homeowners seeking relief

mortgage-fraudWASHINGTON – As homeowners and communities throughout the country continue to face devastating consequences from the deep contraction in the economy and the housing market, the Obama Administration today announced a new coordinated effort across federal and state government and the private sector to target mortgage loan modification fraud and foreclosure rescue scams that threaten to hurt American homeowners and prevent them from getting the help they need during these challenging times. «Read the rest of this article»

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