Prosecutors filed 189 legal actions Wednesday against loan modification consultants accused of bilking homeowners who are desperate to make their mortgage payments more affordable.
The nationwide sweep, called "Operation Loan Lies," involved the Federal Trade Commission, the U.S. attorney's office for the Central District of California, and 23 other agencies in 19 states:
Tips for borrowers dealing with loan servicers
Having trouble paying your mortgage? To find out if you qualify for a loan modification, you'll have to work with a loan servicer — the company that collects your mortgage payments.
FTC, 23 states act to stop sham loan consultants
State and federal prosecutors filed 189 lawsuits Wednesday against loan modification consultants accused of bilking homeowners desperate to reduce their mortgage payments so they can keep...
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