Mortgage Servicer EMC Pays $28 Million for Unfair Treatment of Homeowners
source: http://www.consumerwarningnetwork.com/2008/09/09/bear-stearns-emc-agree-to-pay-28-million-in...
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- consumeradvocate101
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Thousands of homeowners have shared horrific stories of how EMC mishandled their mortgages and in many case stole their homes. Now, EMC and its owner former financial giant Bear Stearns have agreed to pay $28 million to settle Federal Trade Commission charges of unlawful loan servicing. It's no surprise to the borrowers who've lost their homes or the former employees who came forward to expose the company's deceptive practice. Hear what they have to say.
