Fannie Mae Terminates Relationship with Florida Law Firm Ben-Ezra & Katz
Fannie Mae said it became aware of certain document execution issues at the Ben-Ezra law firm regarding its processing of foreclosure cases on the agency’s behalf.
Palm Coast, FL – February 11, 2011
Fannie Mae has terminated its relationship with Florida-based foreclosure default law firm Ben-Ezra & Katz, P.A., according to a notice sent to mortgage servicers Thursday afternoon. The government-sponsored enterprise advised its mortgage servicers to move Fannie Mae matters to other law firms within its retained attorney network.
Fannie Mae said it became aware of certain document execution issues at the Ben-Ezra law firm regarding its processing of foreclosure cases on the agency’s behalf.
"We have terminated the firm. It is our expectation that law firms will handle matters in strict compliance with proper procedures, ethical codes of conduct and legal requirements," a Fannie Mae spokesperson said in a statement. "In instances where we have reason to suspect that a firm may not be doing so, we will immediately engage and take appropriate action."
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the king is dead, long live the king
All that happens is that Fannie shifts the files to another mill. That mill then needs more attorneys and they hire all the attorneys that Ben-Ezra & Katz had to layoff.