Sunday, April 05, 2009

Treasury Cracking Down on Foreclosure Rescue Scams and Loan Fraud

This from Lynn Sweet:
WASHINGTON - The U.S. Department of the Treasury, the U.S. Department of Justice, the Department of Housing and Urban Development, the Federal Trade Commission and the Attorney General of Illinois will announce a new effort to align responses from federal law enforcement agencies, state investigators and prosecutors, civil enforcement authorities and the private sector to protect homeowners seeking assistance under the Administration's Making Home Affordable program from criminal actors looking to perpetrate predatory schemes at a press conference at 10 a.m. Central Time (11 a.m. Eastern) on MONDAY, April 6, 2009 at the Department of the Treasury.

WHO: Timothy F. Geithner, Secretary, Department of the Treasury
Eric Holder, U.S. Attorney General, Department of Justice
Shaun Donovan, Secretary, Department of Housing and Urban Development
Jon Leibowitz, Chairman, Federal Trade Commission
Lisa Madigan, Attorney General of Illinois

WHAT: Press conference announcing new multi-agency crackdown on mortgage loan modification fraud and foreclosure rescue scams.