Another Loan 'Modification' Scheme Accused of Taking Money, Doing Little

A nationwide mortgage relief operation is being sued by the Federal Trade Commission for taking advantage of desperate homeowners with bogus loan modification services.

The FTC's lawsuit represents the latest action in the agency's ongoing crackdown against swindlers that prey on homeowners who fall behind on their mortgage payments or face foreclosure.

The defendants include U.S. Mortgage Funding Inc., Debt Remedy Partners Inc., Lower My Debts.com LLC, David Mahler, Jamen Lachs, and John Incandela, Jr. The FTC is seeking to shut down the scheme and force the defendants to refund consumers.