Loan Scam Database Surpasses Critical Milestone

Amasses 20,000 Foreclosure Rescue Scam Reports Representing $53M in Fraud

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Press Releases
Publications and Testimony

12/15/2011 FTC Settlement Requires "U.S. Homeowners Relief" Defendants to Pay Millions, Bans Them from Debt and Mortgage Relief Business The FTC approved $9.6 million dollars in settlements against several suspected mortgage rescue scammers.

12/04/2011 Feds target HAMP scammers bilking owners Once again, mortgage servicers are hitting ordinary New York homeowners where it hurts. The latest evidence is widespread scams tied to the Home Affordable Modification Program, or HAMP, which was supposed to help up to 4 million troubled borrowers avoid foreclosure...

11/14/2011 Mortgage Scams in a Weak Housing Market Via WSJ: Schemes that prey on struggling homeowners heading toward foreclosure are "the cash cow right now," says Yolanda McGill, senior counsel for the Fair Housing and Fair Lending Project of the Lawyers' Committee for Civil Rights Under Law. Some fraudsters are peddling services such as preparing documents for a loan modification. Others claim to be an attorney or say they are working with an attorney. Often, these offers sound legitimate, echoing some of the same language used by government programs and lenders to gain a homeowner's trust.

11/10/2011 Changes to the Home Affordable Refinance Program The Home Affordable Refinance Program (HARP) will allow more homeowners who owe more than their home is worth to refinance their mortgages to lower rates.

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01/05/2012 National Loan Scam Prevention Database Surpasses Critical Milestone The Loan Modification Scam Prevention Network (LMSPN) recently reached a critical milestone in the national effort to stop foreclosure rescue scams. Through the efforts of homeowners, housing counselors, advocates and Network partners from across the country, the national Loan Modification Scam Database, led by the Lawyers' Committee for Civil Rights Under Law, has collected more than 20,000 scam complaint reports since its launch in March 2010.

08/15/2011 Injunction Obtained in New York Loan Modification Scam Lawsuit Against Homesafe America, Inc. This morning, Justice John M. Galasso of the Nassau County Supreme Court issued a sweeping order shutting down one of New York's largest mortgage scam operations pending trial. The order is the most substantial victory to date in a year-long legal campaign against "loan modification scams" in New York and nationwide. The court order ceases the operations of Homesafe America Inc. and its successor corporation, United Solutions Law Firm, which are alleged to have scammed more than a thousand low- and middle-income homeowners by falsely promising to help customers modify the terms of their mortgages.

07/21/2011 Seniors Among Hardest Hit by Foreclosure Rescue Scams; Today's Launch of the Consumer Financial Protection Bureau is Critical The Lawyers' Committee for Civil Rights Under Law applauds today's launch of the Consumer Financial Protection Bureau (CFPB). To mark this momentous date in the fight for consumer protections, the Lawyers' Committee released an issue brief on the severe impact of the ongoing foreclosure rescue scam crisis on older Americans. Scammers are preying on distressed homeowners by offering much-needed foreclosure counseling or loan modification assistance for a fee, yet failing to deliver any results-or refunds-in the end.

07/07/2011 HOMEOWNERS STRIKE BACK AGAINST TWO OF NEW YORK'S LARGEST MORTGAGE SCAMMERS Two justices of the New York State Supreme Court have issued sweeping orders to restrain the activities of alleged â€œloan modificationâ€ scammers, providing major victories for financially vulnerable homeowners. The cases were brought by the Lawyers' Committee for Civil Rights Under Law and its pro bono counsel Davis Polk & Wardwell LLP on behalf of more than 30 homeowners who allegedly lost money to the two companies.

More Press Releases

12/01/2011 National Loan Modification Scam Prevention Database Report - November 2011 For November, this abbreviated version of the monthly report summarizes scam complaint related data from the national Loan Modification Scam Database.

11/01/2011 National Loan Modification Scam Prevention Database Report - October 2011 For October, this abbreviated version of the monthly report summarizes scam complaint related data from the national Loan Modification Scam Database.

10/01/2011 National Loan Modification Scam Prevention Database Report - September 2011 For September, this abbreviated version of the monthly report summarizes scam complaint related data from the national Loan Modification Scam Database.

09/01/2011 National Loan Modification Scam Prevention Database Report - August 2011 For August, this abbreviated version of the monthly report summarizes scam complaint related data from the national Loan Modification Scam Database.

More Publications and Testimony

The Loan Modification Scam Prevention Network is led by: