Wednesday, November 3, 2010

Fannie Mae Retaining Extra Counsel In Florida

After announcing recently that it has suspended all activity on cases handled by Plantation, Fla.-based Law Offices of David J. Stern, Fannie Mae has reached out to additional firms in the state.

Fannie Mae has issued retention letters to nine attorney firms in Florida, spokesperson Amy Bonitatibus confirmed to in an e-mail. The names of the firms will be announced if and when they sign on to the retention letters.

On Friday, The Palm Beach Post reported that Fannie Mae President and CEO Michael Williams explained the expansion of the company's attorney network in a letter to House Democrats who had previously inquired about so-called "foreclosure mills" in the state. According to the report, Fannie Mae solicited the additional firms in late August and early September.

Rumor has it... Freddie Mac was visiting firms in Tampa Bay this week.