Fannie, Freddie paid $50 million in fees to Florida law firms under investigation

the amount Fannie Mae paid was consistent with the amounts it had paid. price most of the MSR transactions under the program, and that the.

Citibank sued in 2009, alleging that Morgan Stanley refused to pay the shortfall owed under the swap after Capmark defaulted. and provides foreclosure services on more than 1 million loans Fannie.

Fannie and Freddie spending lavishly on lawyers. In that time, the companies have spent more than $160 million to defend themselves and their former executives in lawsuits and showered another $50 million on foreclosure lawyers who are now under investigation in Florida.

This week Neugebauer got his response: according to data reviewed by HousingWire, the firms in question received nearly $50 million in legal fees from Fannie and Freddie. Most of that money, $46 million, came from Freddie Mac, the smaller of the two corporations; Fannie paid the controversial firms $2 million.

One of the firms Neugebauer had in his crosshairs, the Law Offices of David J. Stern in southeastern Florida, had been the subject of a long Mother jones investigation. received nearly $50 million.

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Since the government took over Fannie Mae and Freddie Mac, taxpayers. Mae and its officials in various securities suits and government investigations. have paid $24.2 million to law firms defending three of Fannie's former top. million covered fees for lawyers for Fannie Mae officials below the.