Federal regulators charged

consider a ban on the fees in advance, often by companies to help homeowners in difficulty loan modification. The move is part of a national campaign on loan modification / strong> and mortgage fraud, which remain to prey on desperate borrowers afloat in the midst of the recession.

government officials and attorneys general from 12 states met last Thursday their efforts to prevent mortgage fraud coordinate. U. S. Attorney Eric H. Holder Jr. has sent a clear warning to corporate frauds, such as those who commit mortgage fraud is found, charged and imprisoned. is to stop

Efforts to mortgage fraud, it has been since April with federal officials working with the chief prosecutors in the various countries. In California, in July last year, Attorney General Jerry Brown filed a lawsuit against 14 companies and 21 individuals as part of the prevention of eviction of some fraud in a project called “loan transaction.

At the end of July, the Federal Bureau of Investigation (FBI) has been studied more than 2,600 mortgage fraud cases, many as part of a multi-agency effort since the beginning of this year. The move to advance the costs of prohibition on the expansion of these efforts to other obligations fraud is proposed by the Minister of Finance Timothy Geithner.

corporate frauds are known to charge up to $ 4,000 in upfront fees with no guarantee of results. Most states have few or no laws against such accusations, California, for example, that Los Angeles is absolutely prohibited the initial costs. Two bills are currently pending approval by the State, each offers a different approach to the ban.

Federal Trade Commission (FTC) Chairman Jon Leibowitz said after the meeting that the FTC could prohibit the