Bear Stearns asked for Data in Subprime Lending Probe

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00014871-bear-stearns-asked-for-data-in-subprime-l/

By Chris Sanders, Reuters

Bear Stearns Cos. said on Friday that a federal regulator asked its EMC Mortgage Corp. unit to provide documents in connection with an investigation into sub prime lending.

The Federal Trade Commission sent a civil investigative demand — similar to a subpoena — seeking documents and data relating to EMC’s business practices, Bear Stearns said in a regulatory filing.

For this complete story, please visit Bear Stearns asked for Data in Subprime Lending Probe.