FTC

First Universal Lending: FTC Stops Bogus Loan Modification Firm

(Source: FTC by Moe Bedard) – Under a settlement with the Federal Trade Commission, a federal court banned three men and their company from the mortgage modification business and ordered them to pay nearly $19 million for consumer refunds. The [...]


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Why You Should Never, Ever Cosign a Loan for Anyone

(Source: The Atlantic) – I mentioned in my last post that cosigning loans is risky.  How risky?  According to the FTC, depending on the type of the loan, as many as three out of four primary borrowers default on their [...]


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First Universal Lending: Loan modification firm to pay $18.8 million

(Source: TC Palm) PALM BEACH GARDENS — Three Palm Beach County men, including a Palm Beach Gardens attorney, have agreed to an $18.8 million settlement with the Federal Trade Commission following charges the trio preyed on struggling homeowners seeking loan [...]


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