Tuesday, March 9th, 2010

No More Upfront Fees For Loan Modifications Says FTC

October 2, 2009 by Pete Mitchell  
Filed under All Posts, Foreclosure Help

The FTC, the Federal Trade Commission, has just announced that they’re planning on doing a nationwide ban on upfront fees for loan modifications.

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Foreclosure Mediation Does Not Work – Loan Modifications Less Likely To Happen

Watch out, everyone. Your sneaky politicians are at it again!

I just read a great article in the Wall Street Journal. It was based on a report put out by the National Consumer Law Center. The National Consumer Law Center is a non-profit advocacy group that advocates for low-income Americans. What they did was they reviewed 25 different mediation programs in fourteen different states.

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