· Along with other cases from federal and state partners, today we charged that mortgage rescue scammers have taken $25 million in illegal advance fees from consumers.It serves as a reminder of how important it is to watch out for scam artists trying to take advantage of people who need help avoiding foreclosure.

 · Foreclosure scams (a.k.a., mortgage relief scams) occur when individuals and businesses falsely claim they can save your home from the foreclosure process, which is when the bank takes possession of your home after you fail to keep up on your mortgage payments.

Feds Shut Down Multimillion-Dollar Debt Relief Scam Updated: 5.25.17 4:47 PM EDT By Ashlee Kieler @akieler scamalamadingdong debt relief Scheme Operation federal trade commission State of Florida.

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 · The Federal Trade Commission said Friday that it has formed a task force with 12 state attorneys general to crack down on student debt relief scams. [ Student debt relief scams are on the rise.

What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC] What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC] Some Highlights: The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.

In September 2011 the Federal housing finance agency sued bofa and other firms for abuses in the sale of mortgage-backed securities to Fannie Mae and Freddie Mac. BofA was one of five large mortgage servicers that in February 2012 consented to a $25 billion settlement with the federal government and state attorneys general to resolve allegations of loan servicing and foreclosure abuses.

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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 [.]

Don’t Get Scammed By Mortgage "Relief". Under the Federal Trade Commission’s Mortgage Assistance Relief Services (MARS) Rule, it’s illegal for a company to ask for payment until the company gives you a written offer of loan modification or other relief from the lender AND the homeowner accepts the offer.. Phony "Counseling" Scams. In.

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