REAL Trends Updates
#1176
item 3 of 7
item 3 of 7
February 9, 2010
FTC bans up-front fees for mortgage modification
The Federal Trade Commission moved to protect distressed homeowners from bogus foreclosure rescue and mortgage modification services by proposing a new rule that would forbid companies to charge for these services up-front. Instead, companies could only collect payment after providing services.The FTC said the mortgage crisis has launched an industry of companies purporting, for a fee, to obtain... This content only available to REAL Trends Members. Please log in below.|
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