updated 9/17/2009 11:02:11 AM ET 2009-09-17T15:02:11

Federal authorities are cracking down on two companies that promised homeowners help with their mortgages, accusing them of posing as government agencies.

The Federal Trade Commission on Thursday said it filed charges against two companies — Nations Housing Modification Center and Infinity Group Services. It accused the companies of charging homeowners large fees for assistance in working with their lenders, but did "little or nothing" to actually help borrowers.

Federal regulators have filed charges against a total of 22 such operators. And in Washington, Treasury Secretary Timothy Geithner and Attorney General Eric Holder met with attorneys general from 12 states to discuss anti-fraud efforts.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com