House Bill Would Give Servicers Obligation To Help Stem Foreclosure Mitigation Scams
May 7, 2009
The growing number of homeowners seeking loan modifications or other alternatives to foreclosure has spawned a rash of scams, and House Democrats have offered new federal legislation to protect homeowners from these abuses. The Foreclosure Rescue Fraud Act of 2009, sponsored by Rep. Gwen Moore, D-WI, and Financial Services Committee Chairman Rep. Barney Frank, D-MA, was introduced at...