Bear to pay $28M to settle loan grievance
The Bear Stearns Cos. Inc. and its subsidiary, EMC Mortgage Corp., have agreed to pay $28 million to settle Federal Trade Commission charges that they engaged in unlawful practices in servicing consumers’ home mortgage loans.
The Bear Stearns Cos. Inc. and its subsidiary, EMC Mortgage Corp., have agreed to pay $28 million to settle Federal Trade Commission charges that they engaged in unlawful practices in servicing consumers’ home mortgage loans.
The FTC charged that New York-based Bear Stearns and Irving, Tex
Learn more about reprints and licensing for this article.