Recently individuals that used to work for the Law Offices of David J. Stern testified under oath in front of state regulators sent by the Florida Attorney General's office. Regulators have uncovered substantial egregious activity by Stern's law firm. Some of these former employees described an atmosphere where speed was much more important than accuracy. In certain instances, supervisors ordered the workers to disregard legal rules in order to get the foreclosures filed as quickly as possible.
Fannie Mae and Freddie Mac have both confirmed that the companies have stopped referring foreclosure work to the Law Offices of David J. Stern. The two companies took this action after a legal assistant for Stern's office testified that the staff would improperly prepare a Fannie Mae or Freddie Mac foreclosure file and then change the code and hide the file so auditors could not review the file when they visited the law office.
