FTC Settlement Collects $2.2 Million, Bans Marketers From Mortgage Relief Business

WASHINGTON, D.C. – April 11, 2011 – (RealEstateRama) — Under a settlement with the Federal Trade Commission, two companies and three individuals are banned from the mortgage relief services business and must relinquish $2.2 million in assets for consumer refunds. The action is part of the FTC’s ongoing effort to stop scams that target financially strapped homeowners seeking mortgage relief.