FTC Proposes Up-Front Fee Ban for Mortgage Modifications

The Federal Trade Commission has proposed a new rule that would ban third party mortgage companies from charging up-front fees for mortgage modification and foreclosure rescue.  Under the new FTC rule, third party mortgage companies would only receive payment after services are completed for the borrower.  These companies would also be required to disclose the [...]

Operation Stolen Hope Strikes a Blow

Fraudulent companies are are preying on homeowners across the country.  Companies misrepresenting themselves as being affiliated with government programs, in an effort to take advantage of homeowners afraid of losing their homes, are illegally charging up-front fees ranging from $1,500 to $7,000. In many cases officials have reported that these companies falsely claim to also [...]

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