Nationwide Mortgage Company That Overcharged Homeowners Settles FTC Charges

The Federal Trade Commission will host a press conference in Washington, DC, on Monday, June 7, 2010, at 11 a.m. to announce a major law enforcement action against a nationwide mortgage company that misled and overcharged homeowners in financial distress. Federal Trade Commission Chairman Jon Leibowitz and U.S. Trustee Program Director Cliff White will be available to answer reporters’ questions.

Members of the public and press who cannot attend can view a live webcast of the press conference on the FTC’s website.

WHO:	Jon Leibowitz, Chairman of the Federal Trade Commission Cliff White, Director of Executive Office for U.S. Trustees A homeowner who was unfairly charged excessive fees
WHEN:	Monday, June 7, 2010 11 a.m.
WHERE:	Federal Trade Commission Room 432, 600 Pennsylvania Avenue, N.W. Washington, DC
CALL-IN:	Reporters unable to attend the event can call in. The phone number is 866-363-9013, the confirmation number is 80070475. The lines, which are for media only, will open at 10:45 a.m. The conference leader is Gail Kingsland.
WEBCAST:	The event will be webcast live.