FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

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Florida AG receives at least 25,000 pages of documents from Stern subpoena

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Florida's Attorney General office received at least 25,000 pages of subpoenaed documents from DJSP Enterprises (DJSP) and its principle client, the Law Offices of David J. Stern in the AG's investigation of the company over its foreclosure practices. However, both sides disagree over whether everything requested by the subpoena has been turned over. And Stern is planning to appeal a recent court decision denying his motion to quash the subpoena. DJSP has been under fire for months, starting with an investigation by Florida AG Bill McCollum for violating consumer protection laws by allegedly mishandling foreclosures. Recently, the company laid off more than 700 employees as mortgage giants Fannie Mae and Freddie Mac instructed their employees not to send the company business. Stern recently resigned as chairman of DJSP, although he remains CEO. Jeffrey Tew, an attorney for Stern said the company has fully answered the AG's subpoena. But Shannon Knowles, with the communications office of the AG, said some requested documentation was not provided. That information includes copies of nondisclosure agreements between the company and its employees and contractors, according to the AG. Stern also did not respond to requests for documentation on pay, pay grades and bonuses, not only between the company and its employees and contractors, but also between lenders and DJSP. "This is very unfair of them," Tew said. "They have not written us a letter saying we have not responded." Stern is claiming some documents, such as emails, correspondence and attorney notes and documents that relate to specific foreclosures as privileged. Knowles said in an email statement that Stern provided no documents relating to four specific requests in the subpoena. Sarah Mueller is an editorial assistant with HousingWire.

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