Mortgage Foreclosure: FTC Testifies on Efforts to Stop Mortgage Foreclosure Rescue Fraud

Mortgage Foreclosure: FTC Testifies on Efforts to Stop Mortgage Foreclosure Rescue Fraud: "Noting an estimated 75 percent increase in foreclosure filings from 2006 to 2007, Peggy Twohig, Associate Director of the FTC’s Division of Financial Practices, told the committee about the Commission’s enforcement efforts and its work to educate consumers about scams in which borrowers typically pay thousands of dollars but end up losing their homes and the money."