– The Consumer Financial Protection Bureau (CFPB), the federal trade commission (ftc), and 15 states announced a sweep against foreclosure relief scammers that used deceptive marketing tactics to rip off distressed homeowners across the country. The Bureau is filing three lawsuits against companies and individuals that collected more than $25.
They’re accused of violating several federal laws including the FTC Act, the FTC’s Mortgage Assistance Relief Services Rule and its Telemarketing Sales Rule. First published on April 30, 2015 / 5.
Are home prices the latest evidence housing is stalling, or bubbling? · While this young cohort has gotten a lot of attention for being absent in the housing recovery, new evidence shows that move-up buyers are the ones really stalling the sales.
FTC Halts Mortgage Relief Operation Targeting Consumers In Foreclosure. Today, the Federal Trade Commission put an end to an operation that took advantage of homeowners’ vulnerabilities. The FTC announced today that a court had granted the agency’s request to halt the operation of HOPE Services – also doing business as HAMP Services – alleging.
A federal court in Central California has ruled two Orange County businessmen duped mortgage relief clients out of more than $18 million. Jeremy Foti and Charles Marshall, acting through.
Fitch warns home prices overvalued Home prices expected to rise in 40% of major metros in 2011: Veros Average monthly house payments jump 21% in fourth quarter FHA may relax condo rules soon In a speech last week to the National Association of Realtors, Housing and urban development secretary Julián Castro said revisions to controversial FHA rules on condos. But real estate and condo.Despite Praise From Banks, Treasury, In-House Loan Mods Provide Less Help to Homeowners Banks’ own modifications typically reduce monthly payments by half as much as those made in the government.whose research is published today, searched the websites of the big six energy suppliers – British Gas, EDF Energy, E.ON, Npower, SSE and Scottish Power – and recorded four million complaints made in.
The settlement resolves allegations that Wealth Educators and Veronica Sesma falsely promised they could lower consumers’ mortgage payment or interest rate, or obtain loan modification or restructuring, and illegally collected fees before homeowners got a written offer from their lender or servicer that they deemed acceptable. A court had ordered a halt to the alleged violations and frozen the corporate defendant’s assets pending litigation.
Citing hundreds of millions of dollars in losses to scams, in 2010 the FTC issued the Mortgage Assistance Relief Services, or MARS, Rule to stop the practice. The rule barred companies from taking advance fees for foreclosure relief, which the government viewed as the primary trap for homeowners.
In its complaint, the FTC alleged that the companies violated Section 5(a) of the Federal Trade Commission Act, 15 U.S.C. 45(a), by deceiving consumers and falsely promising they could help consumers avoid foreclosure and lower mortgage payments. The FTC alleged that the companies would sell consumers their loan modification services by.
FTC Halts california based brookstone law mortgage relief Scam Husband and Wife Charged with Short Sale Fraud – Violation of the Arm’s Length Affidavit California Lawyer Disbarred for Accepting Advanced Fees and running a Loan Modification Scam
Greenspan: End of tapering will cause market turmoil Both Greenspan and Bernanke pushed the boundaries of Fed transparency, but the way they telegraphed their messages seems to have contributed to market volatility. Greenspan’s rate increase in February of 1994 marked the first time the FOMC released a statement announcing a move in the federal funds rate, its main policy tool.
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