Posts Tagged “Federal Trade Commission”

webmaster@technorati.com wrote an interesting post today on
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To combat fraud, the U.S. Federal Trade Commission seeks to ban foreclosure rescue and mortgage-modification-services companies from charging upfront fees.Under a proposed FTC rule, the companies could get paid only after providing the services. Companies also would have to tell consumers the total amount they will have to pay and that there is no guarantee the lender will agree to change the …

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News Sources wrote an interesting post today on
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Rules finalized by the Federal Trade Commission and the Federal Reserve will require lenders to alert loan applicants when a problem with their credit files might trigger excessive costs. For mortgage applicants and home buyers, it’s been a six-year wait, but the Federal Trade Commission and the Federal Reserve finally have come out with consumer credit protection rules first required by …

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webmaster@technorati.com wrote an interesting post today on
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As part of his ongoing effort to combat mortgage and foreclosure fraud, Kansas Attorney General Steve Six has joined the Federal Trade Commission, the U.S. Department of Justice, and state attorneys general to announce “Operation Stolen Hope” the latest in the nationwide effort to crack down on bogus mortgage foreclosure rescue and loan modification operations.

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News Sources wrote an interesting post today on
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Las Vegas Sun

FTC sues Palm Beach Gardens mortgage modification business; operations haltedPalm Beach Post… shut down large-scale loan modification scams. By Kimberly Miller The Federal Trade Commission has filed a lawsuit against a Palm Beach Gardens mortgage …FTC Suing PB Gardens mortgage company WPTVGa. joins national crackdown on loan modification fraud Atlanta Business ChronicleInvestigators Focus on Mortgage Fraud Schemes KLAS-TV The Associated Press  - Las Vegas Review - Journalall 102 news articles »

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News Sources wrote an interesting post today on
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A Secret Deal Between Wall Street and Washington Shines a Harsh Light on Federal Housing Agency By PAM MARTENS CounterPunch W hile the Federal Trade Commission was receiving gut-wrenching documentation of predatory lending abuses at a unit of Citigroup, the Federal agency mandated to level the playing field for low income homeowners, the U.S. Department of Housing and Urban Development, was quietly awarding 19,968 mortgages of homeowners in distress to Citigroup to dispose of as it s

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