FTC shuts down mortgage relief scam

It’s hard enough to get behind on your mortgage, without having a scam artist get you into even more trouble. The Federal Trade Commission (FTC) recently shut down an operation it says perpetrated a wide-ranging mortgage relief scam. At the FTC’s request, a federal court issued orders against 22 defendants who offered cash-strapped consumers home loan modification…

Former Miami mortgage broker ‘flips’ his way into prison

Some of the house flipping craziness that helped bring on the real estate crash and recession in 2008 wasn’t just a case of folks being too clever by half. In some cases, there was actual fraud going on. The U.S. Department of Justice recently announced the sentencing of a former Miami mortgage broker and real…