Fannie Mae and Freddie Mac Dump Their Foreclosure Barons—for… – Care2 News Network

“Most notably, Fannie and Freddie’s regulator announced (PDF) on Tuesday that the twins would soon shut down their network of high-powered foreclosure law firms around the country. These firms, paid to process foreclosures as fast and cheaply as possible, ran into trouble in recent years when some of these outfits were found to have backdated key legal documents and falsified signatures on affidavits. One of the largest “foreclosure mills” working for Fannie and Freddie was the now-defunct Law Offices of David J. Stern based in Fort Lauderdale, Florida, whose questionable practices Mother Jones exposed last August.”

via Fannie Mae and Freddie Mac Dump Their Foreclosure Barons—for… – Care2 News Network.

 

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About Houston Real Estate Blog by Bayou City Lupita

-Bayou City Realty Advisors, Owner -RE/MAX Compass, Agent -The Home Alliance Group, Member -Houston Association of Realtors-Member -Texas Association of Realtors-Member -National Association of Realtors-Member -Centralized Showing Services-Member -Just Energy-Associate
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