Monday, July 20, 2009

First Wave In Nationwide Loan Modification Scam Eradication Effort Results In 189 Legal Actions In Coordinated Federal, State Sweep

Last week, the coordinated nationwide sweep, called "Operation Loan Lies," began with prosecutors filed 189 legal actions against loan modification firms accused of cheating homeowners desperate to adjust the terms of their currently unaffordable home loans. This sweep involves 25 government agencies, including the Federal Trade Commission, the U.S. attorney's office for the Central District of California, and 23 other agencies in 19 states. Go here for a summary of the Federal and state actions.

The following press releases were issued by some of those agencies involved in this nationwide scam eradication effort:

1) U.S. Federal Trade Commission:
2) Arizona Attorney General's Office:

3) California Department of Justice:

3) Colorado Attorney General's Office:

4) Idaho Attorney General's Office:

5) Illinois Attorney General's Office:

6) Iowa Department of Justice:

7) Kansas Attorney General's Office:

8) Maine Department of Professional and Financial Regulation, Bureau of Consumer Protection:

9) Maryland Department of Labor, Licensing, and Regulation, Office of the Commissioner of Financial Regulation:

10) Michigan Attorney General's Office:

11) Missouri Attorney General's Office:

12) New Jersey Attorney General's Office:

13) North Carolina Department of Justice:

14) Ohio Attorney General's Office:

15) Washington Attorney General's Office:

posted by Home Equity Theft Reporter at 4:10 AM