Home » Posts tagged with » mortgage scams

FDIC embarks on foreclosure prevention plan

In an effort to help borrowers avoid foreclosure through loan modification, the Federal Deposit Insurance Corp. this week initiated its own foreclosure prevention plan. Dubbed the Foreclosure Prevention Initiative, the agency notified commercial and savings financial institutions it supervises that its goal was to stop foreclosure rescue scams that promise false hope to consumers at… Continue Reading FDIC embarks on foreclosure prevention plan