Freddie Mac Splits With Law Offices Of Marshall Watson

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.

Freddie Mac and the Law Offices of Marshall Watson, a Fort Lauderdale, Fla.-based law firm, have parted ways. The split ‘was a mutual decision between the firm and Freddie Mac,’ Freddie Mac spokesperson Brad German tells MortgageOrb. Watson is one of several law firms under civil investigation by the office of Florida’s attorney general, Pam [.]

Freddie Mac takes foreclosure files from Fort Lauderdale-based Marshall C. Watson law firm by Kim Miller Federal mortgage backer Freddie Mac is taking its foreclosure cases from the Fort Lauderdale-based Marshall C. Watson law firm, one of eight Florida firms facing state scrutiny for its handling of home repossessions.

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Low rates have helped brighten the outlook for home sales this year. Mortgage buyer Freddie Mac says the average rate on the 30-year loan fell to 3.75 percent. That’s down from 3.78 percent last week.

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This in spite of a moratorium on foreclosures put in effect November 26 by the federally backed mortgage lending firms Freddie Mac and Fannie. and indicated that it would split its operations in.

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The Federal Home Loan Mortgage Corporation ("Freddie Mac") announced on March 11, 2011, that it is taking its foreclosure cases away from the Marshall C. Watson Law Firm. The Watson firm, based in Ft. Lauderdale, Florida, was one of the firms most often used by Freddie Mac, Fannie Mae and mortgage-backed trusts to foreclose in Florida.