Freddie Mac Splits With Law Offices Of Marshall Watson

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For instance, Freddie Mac decided to fire a Florida law firm earlier this year for participating in abuses [.] fannie Mae and Freddie Mac are brother and sister in the federal mortgage industry.

Though the law firm was left unnamed in the report, news reports have identified the firm to be the Fort Lauderdale-based Law Offices of Marshall B. Watson. Watson’s firm was fired by Freddie Mac in March of this year. Prior to that, the firm handled roughly 10 per cent of Freddie Mac’s foreclosures in Florida.

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The mammoth bailouts of Fannie Mae and Freddie Mac have outraged many Americans over the last five years, and policymakers on both sides of the aisle have called for reform. The two embattled.

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In most of these cases, Freddie Mac, Fannie Mae and mortgage-backed trusts were claiming to own the mortgages. Fannie, Freddie and the trusts lost or never obtained the mortgage assignments needed to prove ownership. In these cases, two associate lawyers in the Watson firm, Patricia Arango and Caryn Graham, signed the Assignments to the trusts so that the foreclosures could proceed. When Arango and Graham signed these mortgage assignments, they did not disclose that they were lawyers in the.