December 17, 2010 Posted by Federal Trade Commission
WASHINGTON, D.C. – December 17, 2010 – (RealEstateRama) — The Federal Trade Commission staff has submitted comments to the Federal Reserve Board recommending ways the Board could strengthen the rules under the Home Mortgage Disclosure Act, which requires some mortgage lenders to collect and report loan data that the government uses to analyze whether they are complying with fair lending laws
Read the full article: FTC Staff Submits Comments to Federal Reserve on Making Fair Lending Law Stronger; FTC Announces Increase in Maximum Charge for Extra Copies of Credit Reports ...
December 6, 2010 Posted by Federal Trade Commission
WASHINGTON, D.C. – December 6, 2010 – (RealEstateRama) — A deceptive advertising operation has been banned from the debt relief business under a settlement agreement with the Federal Trade Commission. As part of a continuing crackdown on scams that target consumers in financial distress, the FTC charged the defendants with deceptively claiming they could save consumers thousands of dollars by reducing their credit card debt.
Read the full article: FTC Action Puts Deceptive Marketer Out of the Debt Relief Business ...
November 22, 2010 Posted by Federal Trade Commission
WASHINGTON, D.C. – November 22, 2010 – (RealEstateRama) — Homeowners will be protected by a new Federal Trade Commission rule that bans providers of mortgage foreclosure rescue and loan modification services from collecting fees until homeowners have a written offer from their lender or servicer that they decide is acceptable
Read the full article: FTC Issues Final Rule to Protect Struggling Homeowners from Mortgage Relief Scams ...
November 19, 2010 Posted by Federal Trade Commission
WASHINGTON, D.C. – November 19, 2010 – (RealEstateRama) — During an event hosted by Vice President Joe Biden to announce initiatives to help middle class and low-income families secure their legal rights, Federal Trade Commission Chairman Jon Leibowitz will announce a new rule protecting homeowners from deceptive mortgage relief companies, and several law enforcement actions against mortgage loan modification and foreclosure rescue companies.
Read the full article: FTC to Announce Rule to Protect Homeowners from Mortgage Relief Scams During Middle Class Task Force Event ...
November 19, 2010 Posted by Federal Trade Commission
WASHINGTON, D.C. – November 19, 2010 – (RealEstateRama) — Homeowners will be protected by a new Federal Trade Commission rule that bans providers of mortgage foreclosure rescue and loan modification services from collecting fees until homeowners have a written offer from their lender or servicer that they decide is acceptable.
Read the full article: FTC Issues Final Rule to Protect Struggling Homeowners from Mortgage Relief Scams ...
November 16, 2010 Posted by Federal Trade Commission
November 16, 2010 – (RealEstateRama) — Following a public comment period, the Federal Trade Commission has approved a proposal by Fidelity National Financial, Inc. to sell rights to certain assets used in conducting real estate title searches. Fidelity is required to sell these rights to comply with an FTC Order that settled charges that Fidelity’s 2008 acquisition of three LandAmerica Financial subsidiaries reduced competition in markets for real estate title information services. This proposal resolves Commission concerns that Fidelity would be the only provider of title plant information services in the Detroit, Michigan, metropolitan area
Read the full article: FTC Approves Fidelity National Financial’s Proposal to Sell Rights to Michigan Title Plant Assets to Data Trace Information Services, Inc.; FTC Approves Agilent Technologies’ Application to Modify an Agreement Related to its Varian Acquisition ...
November 11, 2010 Posted by Federal Trade Commission
WASHINGTON, D.C. – November 11, 2010 – (RealEstateRama) — The Federal Trade Commission is requiring Simon Property Group, Inc. to divest property and modify tenant leases as part of a settlement designed to preserve outlet center competition in parts of southwest Ohio, Chicago, Illinois, and Orlando, Florida, in the wake of Simon’s purchase of Prime Outlets Acquisition Company, LLC.
Read the full article: FTC Puts Conditions on Simon Property Group’s Acquisition of Prime Outlets ...
October 26, 2010 Posted by Federal Trade Commission
October 26, 2010 – (RealEstateRama) — Stories about a “freeze” or “moratorium” on mortgage foreclosures are in the headlines, so it’s no surprise if you’ve heard that some mortgage lenders are stopping foreclosures while their paperwork is investigated to be sure it’s in order. But no matter what you hear on the news, a notice from your bank, mortgage servicer, or the sheriff requires your immediate attention.
Read the full article: FTC Advises Consumers: Notices from Mortgage Servicers Always Demand Homeowner Attention ...
October 25, 2010 Posted by Federal Trade Commission
October 25, 2010 – (RealEstateRama) — Stories about a “freeze” or “moratorium” on mortgage foreclosures are in the headlines, so it’s no surprise if you’ve heard that some mortgage lenders are stopping foreclosures while their paperwork is investigated to be sure it’s in order. But no matter what you hear on the news, a notice from your bank, mortgage servicer, or the sheriff requires your immediate attention.
Read the full article: FTC Advises Consumers: Notices from Mortgage Servicers Always Demand Homeowner Attention ...
September 22, 2010 Posted by Federal Trade Commission
September 22, 2010 – (RealEstateRama) — The Federal Trade Commission moved to further strengthen its longstanding enforcement program aimed at preventing deceptive mortgage advertising, proposing a rule that would ban misrepresentations for all mortgages and would allow the FTC and the states to seek civil penalties against those who violate the rule.
Read the full article: FTC Proposes Rule to Ban Deceptive Mortgage Ads ...
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