Freddie Mac Splits With Law Offices Of Marshall Watson

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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 Bondi.

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.

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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 Florida attorney general and Marshall C. Watson and his law firm agreed on a $2 million settlement in connection with the AG’s investigation into foreclosure improprieties at the firm, the AG.