Fraud Alert Issued For Mortgage Scams Targeting Military Personnel

Posted by Orb Staff on May 25, 2012 No Comments
Categories : Mortgage Servicing

11642_military Fraud Alert Issued For Mortgage Scams Targeting Military Personnel Three federal agencies – the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), the Consumer Financial Protection Bureau (CFPB), and the U.S. Department of the Treasury – issued a fraud alert to military servicemembers regarding scams that promise mortgage assistance through the Home Affordable Modification Program (HAMP) and other federal programs.

The agencies report that a number of these scams are specifically targeting members of the armed services, and the new fraud alert is designed to raise awareness of these scams and provides a list of resources available for reporting fraud and for legitimate assistance with mortgage-related questions.

‘Members of the armed services community often face unique financial challenges and are at particular risk for this type of scam,’ says Christy Romero, special inspector general at SIGTARP. ‘We want to empower servicemembers and their families with information so that they can easily recognize and avoid these scams and also provide them with resources on where to turn for additional information and assistance. SIGTARP will continue to work with the CFPB and Treasury and our other partners in law enforcement to shut down these scams and to ensure that their perpetrators are held accountable for their crimes.’

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