In July 2010, GAO reported on federal efforts to combat foreclosure
rescue schemes -- schemes that promise but do not deliver
foreclosure prevention assistance. Subsequently, the Dodd-Frank
Wall Street Reform and Consumer Protection Act required GAO to
study interagency efforts to crack down on these schemes. This book
updates GAO's 2010 report and examines the available information
about the prevalence and nature of foreclosure rescue schemes, and
the status and scope of the federal government's multi-agency
effort and other major initiatives to combat them. It also examines
the nature and prevalence of these schemes, federal efforts
co-ordinated to combat these schemes and other major efforts, and
factors that may affect federal efforts' success in combating these
schemes.
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