Feds To Get Involved In Policing Loan Modification Companies

As you should know, the State of Florida is very aggressively pursuing loan modification companies that are failing to abide by state law.  Now, the Federal Government is stepping into the fray.

“The Obama administration’s new anti-fraud initiative combines the efforts of state and federal government agencies to target the growing number of foreclosure rescue companies and dubious loan modification firms that are victimizing homeowners in distress.”

The Feds, apparently, are concerned that the Making Home Affordable program will lead to even MORE mortgage modification companies popping up.  As you know, the vast majority of them are unscrupulous and are only interested in ripping people off.

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