Wednesday, March 21, 2012

Former EMC Mortgage employee: Foreclosure Is More Profitable than Loan Mods (video)

Here is a former EMC Mortgage (which now owned by JP Morgan Chase) employee interviewed on how foreclosure was more profitable for the bank than loan modification. We knew the game and the scam. But, this is a reminder again to keep an eye on the banks since five large banks signed a $25 billion settlement of robo-signing and abuses with the federal- state officals;

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