Freddie Mac Splits With Law Offices Of Marshall Watson

Freddie Mac Splits With Law Offices Of Marshall Watson

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In its first action against a foreclosure law firm, the Florida Attorney General’s office has reached a $2 million settlement with Fort Lauderdale based firm Marshall C. mortgage backer Freddie Mac.

The firm Freddie fired but fannie retained handled 43 percent of Fannie Mae’s foreclosure cases in Florida, the report notes. While the firm is not identified in the report, Freddie Mac cut ties with the Fort Lauderdale-based Law Offices of Marshall C. Watson in early March. The Watson firm remains on Fannie Mae’s retained attorney network.

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Amidst the country’s rapidly snowballing foreclosure debacle, some pretty big news: Fannie Mae and Freddie Mac have temporarily dropped the Law Offices of David J. Stern as one of their go-to firms.

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Attorney general’s cases McCollum’s office also opened investigations of three other high-volume South Florida foreclosure firms: the Law Offices of Marshall C. Watson; the Law Offices. who.

Fannie Mae serves the people who house America. We are a leading source of financing for mortgage lenders and our financing makes sustainable homeownership and workforce rental housing a reality for millions of Americans.

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Employees of Fannie Mae and Freddie Mac descended. Lauderdale firm of Marshall C. Watson, for example, charges $200 for a title search on Fannie Mae files. Other clients paid $325. Fannie and.

The company moved from a full- and part-time mix of 30 percent and 70 percent, respectively, to a 50-50 split. "As a result. At McLean, Va.-based Freddie Mac, the CoE has grown to five employees,

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Fannie, Freddie and Citigroup (C) pulled business away from the Law Firm of David J. Stern after it and three others in the state – the Law Office of Marshall C. Watson in Fort Lauderdale, Shapiro & Fishman in Boca Raton, and the Florida Default Law Group in Tampa – came under investigation from then Florida AG Bill McCollum.

which oversees Fannie Mae and Freddie Mac. Cogsville paid $2.1 million for its stake and will split profits from the properties with Fannie Mae depending on whether they hit certain income thresholds..

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