Bear Stearns Mortgage Unit Accused of Predatory Loan Servicing (Bloomberg.com)
Story date: 2007-12-10 07:28:11
Added on: 2007-12-11 01:00:21
Dec. 10 (Bloomberg) -- Bear Stearns Cos., the second- biggest U.S. underwriter of bonds backed by mortgages, and its EMC Mortgage unit were accused of predatory loan servicing that particularly harmed Hispanic and black borrowers.
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