Federal Trade Commission (FTC) The Federal Trade Commission in April 2009 announced a crackdown on fraud and deception by mortgage modification and home foreclosure rescue companies. The FTC is seeking to halt the proliferation of these mortgage relief scams through increased law enforcement and consumer outreach. The commission also plans close coordination with federal, state, and non-profit partners. The Commission’s Bureau of Consumer Protection can be reached by calling 202-326-3224 or.
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The Bureau is charged with overseeing most banks, credit unions, lenders, and mortgage servicers. If your lender or mortgage servicer is state licensed, you can also contact the Texas Department of Savings and Mortgage Lending. Alternatively, if your lender or mortgage servicer is a national bank, you can contact the OCC.
Citizens are encouraged to report any financial fraud schemes by calling, toll-free, 855-236-9740, or by sending an e-mail to firstname.lastname@example.org. With more than 20 federal agencies, 94.
The Rise of Mortgage Fraud: How to spot common schemes.. beware of Foreclosure Rescue and Loan Modification Scams (PDF) – The Federal Deposit Insurance corporation offers consumers tips and guidelines to recognize foreclosure scams. Mortgage Relief Scams – Mortgage relief scams prey on.
Lock is now serving two life sentences on homicide and kidnapping convictions, and he has been convicted of wire fraud arising out of the mortgage fraud scheme. Unfortunately, the picture is not any prettier on the corporate front. Like mortgage fraud, economic crimes are crimes of opportunity.
Fannie Mae’s Mortgage Fraud Program has identified 10 apparently fictitious employers being used on loan applications in Northern California. Common Mortgage fraud red flags Mortgage fraud red flags are inconsistencies in the information presented in an application or a loan file that would cause someone to take a second look to eliminate mistakes or identify misrepresentations.
"This federal and state partnership is an important continuing effort to bring relief and justice to Nevadans from mortgage fraud." – Nevada Attorney General Catherine Cortez Masto "Foreclosure scams cost homeowners time and money, two things you can’t afford to.
With more than 20 federal agencies, 94 U.S. Attorneys’ offices, and state and local partners. has filed more than 10,000 financial fraud cases against nearly 15,000 defendants including more than 2.
The yearlong initiative, launched by the FBI, a co-chair of the Financial Fraud Enforcement Task Force’s Mortgage Fraud Working. from a broad range of federal agencies, regulatory authorities,
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