EMC Mortgage Corporation was a major player in the U.S. mortgage industry, primarily focused on servicing mortgage loans and issuing mortgage-backed securities. Originally a subsidiary of Bear Stearns, EMC was acquired by JPMorgan Chase & Co. in 2008 as part of the Bear Stearns rescue deal during the global financial crisis. The company was heavily involved in the subprime mortgage market, and its business practices came under intense scrutiny. After the acquisition, JPMorgan Chase ultimately wound down EMC's operations, fully absorbing its assets and liabilities, and the brand ceased to exist around 2011.

Founded in

Canada