Federal Trade Commission Still Coming Down on More Mortgage Relief Scam Artists

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Federal Trade Commission Still Coming Down on More Mortgage Relief Scam Artists

Sep, 26th 2016

For the second time this month, the Federal Trade Commission announced that one of the subjects of a sweeping enforcement action from 2014 is permanently banned from operating in the mortgage loan modification and debt relief business.

Earlier this month, the FTC announced that a series of “law firms” and the individuals who did business on their behalf were banned from operating in the mortgage business, after an investigation found that the companies falsely promised to help save the homes of financially distressed homeowners.

That banishment stemmed from a 2014 enforcement action called “Operation Mis-Modification,” which identified a number of alleged mortgage modification scammers.

This week, the FTC announced another banishment from the mortgage modification business for one of the subjects of “Operation Mis-Modification.”

In this case, the FTC said...

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