Online Mortgage Scams on Bing, Yahoo Shut Down

The federal organization overseeing the administration of funds from the 2008 bailout has cracked down on alleged scams that used Bing and Yahoo to lure vulnerable homeowners with ads for bogus mortgage modification deals. The Office of the Special Inspector General for the Troubled Asset Relief Program, or SIGTARP, shut down 85 alleged online mortgage scams that advertised with Google and targeted struggling homeowners.