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Lawyers' Committee's Comment on the FTC's Proposed Rulemaking regarding Mortgage Assistance Relief Services

The Lawyers' Committee for Civil Rights Under Law extends it sincerest appreciation for the Federal Trade Commission's efforts to create a regulatory framework that will hinder the unfair and deceptive practices proliferating in the exploding mortgage assistance market. A disproportionate number of minority households suffered due to predatory subprime lending, leaving them even more susceptible to the escalating foreclosure crisis. Loan modification scams compound the losses in these communities already pushed past the brink of sustainable homeownership. On March 29, 2010, the Lawyers' Committee submitted its comment on the FTC's proposed Rule regarding mortgage assistance relief services.

Click here to view the Lawyers' Committee's Comment on the FTC's Proposed Rulemaking regarding Mortgage Assistance Relief Services.