Creation of a multi-agency task force was announced on Thursday designed specifically to deter scam artists preying on homeowners looking for help under the Home Affordable Modification Program (HAMP). The task force will operate under the auspices of the Department of the Treasury, the new Consumer Financial Protection Bureau (CFBP) and the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP.)
SIGTARP, the CFPB, and Treasury will investigate mortgage modification schemes, among other things, in which companies charge struggling homeowners a fee in exchange for false promises of lowering the homeowner's mortgage debt or payments through HAMP.
Simultaneous with the announcement of its creation, the task force issued a consumer fraud alert to protect homeowners from HAMP-related mortgage modification scams. The alert tells homeowners who are struggling to make their mortgage payments to be aware of con artists that promise to save their homes and lower their mortgage debt or their payments and offers these homeowners specific tips...
...(read more)
Source: http://www.mortgagenewsdaily.com/12012011_mortgage_fraud.asp
Housing Starts President Obama Hope for home owners Fannie Mae
No comments:
Post a Comment