We have several modifications going with EMC. So far EMC seems to be reasonable to work with.

Meanwhile, EMC is being sued.

A young couple came to us with a 7.0% negative amortization EMC loan. We were able to negotiate an interest rate of 2.0% for five years, 3.0% for one year, and then 3.875% interest for the next 25 years. The principal balance was reduced from $595,000 to $460,000. Read the details here:

http://www.mortgage-modification-attorney.com/wp-content/uploads/2012/08/emc-modification-JaD-1-16-12.pdf

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