Prevent Loan Scams
Newsroom

News Clips

04/18/11

Loss of $88 Million in HUD Funds Raises Concerns About Counseling, Rise in Scams

"The cuts in funding from the U.S. Department of Housing and Urban Development, part of the legislation signed by President Barack Obama... to avert a government shutdown, come as HUD is preparing to launch a public service advertising campaign this week warning consumers about mortgage-relief scams."

"Worries about a potential rise in such scams, as well as having to charge consumers for counseling that was once largely free, have community groups and counseling agencies calling the maneuver ill-conceived and poorly timed."

To read more, click here