>
Tag: Federal Trade Commission
You are here: Home \ Federal Trade Commission
14 March 2012 - 13:33, by , in news, No comments
HOUSTON, March 14, 2012 /PRNewswire-USNewswire/ — While the landmark $25 billion National Mortgage Settlement was just announced last month, scammers have wasted no time capitalizing on the vulnerability of desperate homeowners. The settlement with the nation’s five largest mortgage servicers was signed by federal and state officials Feb. 9, and will provide assistance for homeowners...
15 July 2011 - 16:05, by , in news, No comments
The Federal Trade Commission today issued a statement announcing that it will forbear from enforcing most provisions of its Mortgage Assistance Relief Services (MARS) Rule against real estate brokers and their agents who assist financially distressed consumers in obtaining short sales from their lenders or servicers. As a result of the stay on enforcement, these...
13 July 2011 - 14:05, by , in news, 1 comment
When shoppers look for light bulbs, one of the first things they check is the wattage. Starting next year, though, “lumens” will be the measure consumers will want to look for on light bulb labels.   “Wattage only tells you how much energy a bulb uses, but that is not as helpful with all the...
4 April 2011 - 20:26, by , in House To House, No comments
In last week’s column I discussed a fairly new and dangerous threat has arisen for homeowners who have fallen behind on their mortgage payments and may be at risk of foreclosure – opportunistic companies. They often refer to themselves as a “foreclosure consultant”, “mortgage consultant,” and market themselves as a “foreclosure service”, “foreclosure rescue agency”...
26 March 2011 - 15:01, by , in House To House, No comments
With the national foreclosure rate persistently high, many homeowners have turned to loan modification or foreclosure “rescue” companies for help – only to realize they’ve been scammed. Anyone can become a victim of a loan modification scam. Every day, scam artists prey on unsuspecting homeowners who are facing foreclosure. These homeowners are losing thousands of...