EXCLUSIVE: Freddie Mac settles with David J. Stern law firm

Fannie, Freddie, pull plug on Stern Fannie Mae and Freddie Mac have ended their business relationship with the law firm of Plantation foreclosure attorney David J. Stern.

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History: Fannie, Freddie Seized by Federal Government  · Fannie Mae and Freddie Mac: A History. 1938: Fannie Mae founded as part of post-Depression New Deal. Back before the government got into the mortgage business, borrowers couldn’t count on banks having money to lend where and when the funds were needed.

The Real Deal reports that the most infamous foreclosure attorney in the state of Florida, David J. Stern just sold his South Beach condo for $14.8 million, marking one of the top condo sales this.

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he made fraudulent misrepresentations when selling exclusive rights to his back-office and foreclosure processing. The law firm was fired by Fannie Mae, Freddie Mac and major national mortgage lenders and servicers.. 6.12.14 Disbarred Attorney David Stern Settles Lawsuit.docx

It could take months, at least, for any settlement. the firm. A different Florida firm involved in that investigation, the Law Offices of David J. Stern, is seeking a similar ruling..

.DAVID STERN WAS WELL POSITIONED to cash in on the business opportunity offered by Fannie Mae and Freddie Mac. After graduating from law school in the mid-’80s, he took a job with the firm of Gerald M. Shapiro, one of the first lawyers to automate the foreclosure process-and a partner in Shapiro & Diaz.

Freddie Mac is in the process of identifying attorney firms in Florida that will take over the caseload of the Law Offices of David J. Stern PA, with which Freddie Mac has terminated its relationship. In a bulletin Tuesday, Freddie Mac notes that it has already directed the firm to not accept any new case [.]

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Fannie Mae has issued a notice instructing servicers that have cases at the Law Offices of David J. Stern, P.A. to take immediate action to transfer those matters to other firms in the Fannie Mae.

EXCLUSIVE: Freddie Mac settles with David J. Stern law firm Payton contents cfoj corporate. regulation crossing borders seeking Denver rent prices Law firm frank Bernard J. LoVerde Jr. Founding Member &.

24: GMAC Mortgage tells Freddie Mac. law firm whose court filings to support home seizures are being investigated by the state’s attorney general. Citigroup Inc. said that it also had suspended.