Consumer Alert – Mortgage Fraud, Feb. 10

The Oregon Department of Consumer and Business Services is warning consumers not to seek loan modification services from Liberty One Mortgage, a California-based unlicensed and unregistered company that has engaged in mortgage fraud. The department, through its Division of Financial Regulation, has issued two orders requiring Liberty One Mortgage to stop all unlawful activity in Oregon and assessed $30,000 in civil penalties against the company. Liberty One Mortgage induced consumers to send money to the company for loan modification services without providing the services.