Freddie Blacklists New York’s Biggest Foreclosure Firm

The past few weeks have been grim for Steven J. Baum PC, New York’s largest foreclosure firm.

There were those photos, published in the New York Times, that depicted firm employees mocking victims of the mortgage crisis. And that $2 million settlement with the U.S. Attorney’s office in Manhattan over errors in the firm’s legal filings in state and federal court.

Now, more bad news: National mortgage servicing giant Freddie Mac has blacklisted the firm.

Read the rest of the article at the Wall Street Journal