Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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Ed Cage



Nancy R wrote:

“We just received a late fee on a mortgage which was recently sold to EMC although the payment was made by our bank through bill pay. Apparently our payment was put in suspense. What is that? We tried to contact them but were on hold so long that my husband had to hand up. In addition, we just received notice that Chase Manhattan is turning over two rental property mortgages to EMC. That means triple the trouble from what I am reading on this site. We would like to resolve this immediately. Any suggestions as to how to proceed.”


Dear Nancy R:
EMC is a servicer who makes their money from inflated fees, fraudulent fees which in turn generate more ripple effect fees. Holding payments, "missing" payments that aren't missing, and applying payments well past the time they were received are also EMC and AMC tricks to illegally generate money in the form of fees since they only make money on the service rather than the interest.


2) Keep your payments current even if you have to pay by Speed-Pay ($9.95) to keep EMC from intentionally misapplying, holding, or “losing” them. They want to put you in foreclosure to generate even more fraudulent and inflated fees. With SP you can at least get a confirmation number and date.

3) If you send a payment by check specify for "Principal Payment Only" or "Regular Payment only" on both the front and back of the check.

4) Demand a complete list of all "suspense account" activity and don't let them send the payment history alone. It does not tell the illegal truth about what is in your suspense account and how/when it was credited reversed.(This is the deepest most incriminating secret servicers have so don't expect full cooperation immediately.)

5) It is not likely EMC will cooperate with your first request so send your subsequent requests for all suspense data via certified letter and copy to Texas AG Greg Abbott in Austin Texas.

6) Although EMC is essentially defunct don't let that fool you. AMC/Ameriquests (also defunct)debts both valid and invalid are being collected and foreclosed by other entities.. ACC and Citi Residential.(Same scams, new names) They CAN and do foreclose.

7) EMC is owned by the *Satan* of mortgage fraud, Bear Stearns. Although you contact the executive branch of EMC at .. You will really be dealing with Bear Stearns whose specialties are Gestapo type collection tactics and blatant outright lies.

(Your own EMC suspense account data will be very difficult to obtain because it will contain a great deal of incriminating activity)

Ed Cage
1804 Cross Bend, Plano Texas 75023


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