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EMC Mortgage Corp. might unlawfully service home loans.
Investigation Source
- Nationwide
Investigation Scope
Category Information
Investigation Topics
- Unfair and Deceptive Services
- Over Charge
- Excessive or Unauthorized Fees
- Mortgage Servicing
- Improper Insurance Added To Mortgage Payment
- Unauthorized Or Illegal Fees
- Failure To Properly Credit Prepayment
Product or Service
- Servicing
Injury Types
- Monetary Loss
- Foreclosure
Investigation Details
This is a broad investigation into EMC Mortgage Corp. and its practices in servicing mortgages.
Numerous EMC customers have reported that they did not get credit for payments made, got billed for insurance they didn't need, and were unjustifiably threatened with foreclosure. Some EMC customers are complaining about extra charges on their bills even though they paid on time. The extra charges can lead to threats of foreclosure and negative entries on credit reports.
Numerous EMC customers have reported that they did not get credit for payments made, got billed for insurance they didn't need, and were unjustifiably threatened with foreclosure. Some EMC customers are complaining about extra charges on their bills even though they paid on time. The extra charges can lead to threats of foreclosure and negative entries on credit reports.
Defendant Details
| Name (Stock Symbol) | Brief Description |
|---|---|
| EMC Mortgage Corporation | EMC Mortgage Corporation, a wholly owned subsidiary of JPMorgan Chase & Co., is a mortgage banking company that specializes in the servicing of residential mortgage loans. |