FTC Getting Busy with Mortgage Regulation, Too.

Courtesy of BeSpacific:

FTC Begins Rulemaking to Address Unfair and Deceptive Mortgage Practices
News release: "In an effort to better protect financially distressed homeowners, the Federal Trade Commission has initiated a rulemaking proceeding involving foreclosure rescue and loan modification services. The FTC is seeking public comment to determine whether certain practices by companies providing these services are unfair or deceptive and should be reined in by proposed rules that would set standards to protect consumers."

• Mortgage Acts and Practices: Advance Notice of Proposed Rulemaking and Request for Public Comment (R911004): Text of the Federal Register Notice
• Mortgage Assistance Relief Services: Advance Notice of Proposed Rulemaking and Request for Public Comment (R911003): Text of the Federal Register Notice