This Old House
Government-sponsored mortgage behemoths Fannie Mae and Freddie Mac are pulling the plug on their relationship with the law offices of David J. Stern, a sketchy foreclosure processing enterprise.
The Wall Street Journal reports:
Freddie Mac took the rare step of removing loan files after an internal review raised “concerns about some of the Read More
Every good crisis deserves a good villain, and every good villain deserves a good yacht.
As if the ongoing foreclosure fiasco wasn’t already scary enough, the top Wall Street Journal item right now is the news that Fannie Mae and Freddie Mac are reviewing the work of the enormous Florida law firm run Read More
“The first thing that needs to happen, I think, is to get these people out of their homes,” a man wearing a bespoke blue-striped shirt, a Hermés tie patterned with elephants and Ferragamo loafers said recently. “Correct! I’ll explain,” the veteran member of a bank restructuring and advisory team said.
Amid evidence of sham documents Read More