вЂњWhy is Fannie Mae using lawyers that are accused of regularly engaging in fraud to kick people out of their homes?вЂќ Representative Alan Grayson, a Florida Democrat, wrote in a blistering letter to the company in late September. For now, there is no investigation of their oversight, but questions are being raised. вЂњThose files needed to be pushed as any file, but with an extra push to it.вЂќД¬ritics say the emphasis on speed may have blinded Fannie and Freddie to the accumulation of evidence over the last several years that servicers and law firms were cutting corners. Stern had pushed employees to move with particular speed on foreclosures involving Fannie Mae and Freddie Mac. Kelly Scott, a legal assistant at the Stern firm during 2008, said she had been trained to forge her supervisorвЂ™s name on legal filings to move paper more quickly, as were other employees, according to a deposition released Monday by the Florida attorney generalвЂ™s office.

Two of the firms are on FreddieвЂ™s list, too. But the Florida attorney general is also looking at three other law firms that are among the eight Florida firms Fannie still requires servicers to use. State and federal agencies are now investigating its role, which included making sure that banks were taking back the right homes.Д«oth companies instructed servicers to stop using the Stern firm earlier this month. The Stern firm, endorsed until recently by both Fannie and Freddie, performed the legal work for more than 70,000 foreclosures last year.

Fannie mae foreclosures 2000