Freddie Mac Splits With Law Offices Of Marshall Watson

Freddie Mac spokesman Brad German confirmed Tuesday that Freddie has pulled its cases from the Law Offices of Marshall C. Watson, which represents lenders in foreclosure cases, but said he could.

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The Law Offices of Marshall C. Watson settled a Florida attorney general’s investigation into its foreclosure practices in March, agreeing to pay $2 million but admitting no wrongdoing. The settlement came two weeks after federal mortgage backer Freddie Mac pulled its cases from the Watson firm, which filed thousands of foreclosures.

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A Fort Lauderdale based law firm is the first in the U.S. to agree to pay a settlement in the latest robo signing scheme for mishandling foreclosures. The law offices of Fort Lauderdale based Marshall C. Watson, which handled one of the largest volumes of foreclosures for Freddie Mac until the government withdrew its business [.]

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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GW Regulatory Studies Center, Reg Stats, “Significant Regulations.. against agencies, the terms of consent decrees and the attorneys' fees.40.. through our newly created Health Care Task Force, chaired by Representative Roger Marshall, Freddie Mac, are all considered “off budget” for purposes of the budget.

Marshall C. Watson is just the latest firm to lose its federal foreclosure business. The Law Offices of David J. Stern in Plantation was fired in the fall by both Freddie Mac and Fannie Mae. Stern said last week the office would stop doing all foreclosure work as of March 31, leaving as many as 100,000 cases stranded statewide.

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.