Housing and Mortgage News Mortgage Relief Services: Marketers Banned from Selling Mortgage Eight marketers are banned from selling mortgage modification or foreclosure relief services under settlements with the Federal Trade Commission. The FTC alleged that the marketers charged homeowners up-front fees and falsely claimed they could get their mortgage loans modified or prevent foreclosure on their homes. Jul 26, 2010 - 10:34:01 PM
Housing and Mortgage News Foreclosure Rescue Scams: A New Twist in the Scam If you are facing default on your mortgage or foreclosure on your home, watch out for the latest scam: phony "forensic mortgage loan audits." Con artists claim that for an upfront fee, their audits can help you hold onto your home. Don’t believe them. May 14, 2010 - 7:07:05 AM
Housing and Mortgage News New Laws for 2010: Landmark Mortgage Reform Helps Borrowers January 1,
2010 not only marks the New Year, but also the effective date for many new
California laws. Among the bills taking effect on January 1 are several
important new laws that address some of California’s most pressing issues,
including the mortgage crisis, water conservation and important consumer
protections. Dec 31, 2009 - 8:16:54 AM
Housing and Mortgage News Is Foreclosure Knocking at Your Door? Stop living in fear of
losing your home.If you
are having financial difficulties - due to a job loss, a higher mortgage
payment, or any other reason - you are not alone. The economic crisis
has made it hard for many responsible homeowners to make ends meet Sep 23, 2009 - 8:28:04 AM
Housing and Mortgage News Mortgage Relief Services Scams: FTC Announces New Crackdown The
Federal Trade Commission today announced two new law enforcement
actions in a continuing crackdown on mortgage foreclosure rescue and
loan modification scams, bringing to 22 the number of these cases the
Commission has filed since the housing crisis began. The FTC also
announced developments in similar pending mortgage-related actions. Sep 21, 2009 - 6:00:49 AM
Housing and Mortgage News IRS: Ten Facts about the First-Time Homebuyer Credit Many taxpayers who purchase a home this year will qualify for an
$8,000 federal tax credit. The refundable first-time homebuyer credit
is a major tax provision in the American Recovery and Reinvestment Act
of 2009. But time is running out to qualify for this credit. Sep 18, 2009 - 10:08:45 AM
Housing and Mortgage News Foreclosure Rescue and Loan Modification Scammers: FDIC Tips As previously reported in FDIC Consumer News, many homeowners having difficulty making their monthly mortgage payments are being targeted by criminals who charge large upfront fees and falsely "guarantee" to rescue a home from foreclosure. May 28, 2009 - 8:15:30 AM
Housing and Mortgage News FTC Charges for Deceiving Homeowners Two individuals who lured homeowners into high-cost, short-term loans secured by an additional mortgage on their homes have settled FTC charges that they violated federal law. May 4, 2009 - 9:08:19 AM
Although the Department of Real Estate has jurisdiction over certain licensees engaged in mortgage loan brokering, we routinely receive calls concerning many areas in which we have no enforcement authority.
Apr 12, 2009 - 11:30:45 PM
Housing and Mortgage News Foreclosure Rescue Scams: Federal & State Crackdown 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. Apr 8, 2009 - 10:21:33 AM
Announcements New Consumer Website For Responsible Homeowners Seeking Relief The U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD) launched a new website for consumers seeking information about the Administration's Making Home Affordable loan. Mar 20, 2009 - 8:43:59 PM
