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Loan-Modification Scam Spawns $4.5M Consent Order

Friday, Jun 17 2022
Lending
Written by  The Mortgage Leader

Florida businesses that allegedly targeted Hispanics in violation of the Fair Housing Act have agreed to pay $4.5 million in a consent order, according to the Department of Justice. So reports the Orlando Sentinel.

gavel 3576932 640smallThe DOJ accused Advocate Law Groups of Florida, Summit Development Solutions and others of targeted, predatory loan modification services.

Authorities claimed that in Spanish-language ads, the businesses falsely vowed to slash mortgage payments in half.

Read the full article from the Orlando Sentinel.

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