Federal and State Agencies Stop Phony Mortgage Relief Schemes

Federal and State Agencies Stop Phony Mortgage Relief Schemes

The Federal Trade Commission put an end to three schemes that claimed they would help consumers with their mortgage and debt problems, as part of settlements with defendants who allegedly claimed a bogus affiliation with government assistance programs. Under the settlements, which are part of the agency’s ongoing effort to stop scams that prey on [.]

The Federal Trade Commission (FTC), the nation’s consumer protection agency, wants you to know that there is a Rule in place to protect homeowners. The Mortgage Assistance Relief Services (MARS) Rule (also known as Regulation O) makes it illegal for companies to collect any fees until a homeowner has actually received an offer of relief from.

NEWARK N.J.-An Elizabeth, New Jersey, man today admitted recruiting straw buyers and submitting bogus loan applications as part of large-scale mortgage fraud scheme. of federal agencies, regulatory.

Government Mortgage Relief Programs Loan Modification. The purpose of a mortgage loan modification is to get your monthly payment to a more affordable level. An "affordable" mortgage payment is typically defined as 31% of the borrower’s monthly gross income. This is achieved by modifying one or more components of your mortgage:

Mortgage Data Corporation is a Florida Domestic Profit Corporation filed on August 3, 1995. The company’s filing status is listed as Inactive and its File Number is P95000060200. The Registered Agent on file for this company is Levine Ronald and is located at 19495 Biscayne Blvd, Aventura, FL.

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Federal and State Agencies Stop Phony Mortgage Relief Schemes FTC Brings Six Actions Against Scams That Allegedly Preyed on Homeowners with Operation Mis-Modification

Attorney general targets mortgage fraud Ring. New York State attorney general spitzer today announced that he has filed a lawsuit alleging that a group of real estate sellers, mortgage brokers, attorneys, and appraisers pursued a fraudulent real estate flipping scheme targeting minority neighborhoods in Brooklyn.

State and federal law enforcement officials are teaming up across the country to stop despondent homeowners from needlessly shelling out thousands of dollars to save their homes from foreclosure. The.

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Federal and state officials have launched. For example, the agency charged that Los Angeles-based A1 DocPrep Inc. took at least $6 million from consumers through student loan and mortgage relief.

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