EXCLUSIVE: Freddie Mac settles with David J. Stern law firm

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Fannie Mae and Freddie Mac, Stern’s largest clients, canceled contracts with the David J. Stern law firm. Years after the Florida Bar started investigating Stern, it wants to disbar him. This week, Judge Nancy Perez agreed.

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The filing also suggested that Saxon was negotiating a settlement, but neither. Mudd, who was ousted when Fannie Mae and Freddie Mac were seized by.. in Charlotte's exclusive Eastover neighborhood to relocation company. the Law Offices of David J. Stern would be closing on March 31, 2011.

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.DAVID STERN WAS WELL POSITIONED to cash in on the business opportunity offered by Fannie Mae and Freddie Mac. After graduating from law school in the mid-’80s, he took a job with the firm of Gerald M. Shapiro, one of the first lawyers to automate the foreclosure process-and a partner in Shapiro & Diaz.

Is the Florida Foreclosure King Abdicating? David J. Stern Will Close His Law Firm Back in September 2010, we bestowed Lawyer of the Day honors upon David J. Stern, aka Florida’s "Foreclosure.

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Fannie and Freddie had previously suspended all foreclosures that had been referred to the law offices of David J. Stern in Plantation, Fla., a suburb of Fort Lauderdale. Freddie Mac took the rare step of removing loan files after an internal review raised "concerns about some of the practices at the Stern firm," a Freddie spokeswoman said.