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Steven J. Baum PC, New York Foreclosure Firm, to Shut Down

Steven J. Baum PC, one of the largest law firms specializing in home foreclosures in New York state, is shutting down after losing business from Fannie Mae and Freddie Mac.

The Baum firm notified government entities, including the New York State Department of Labor, that it planned mass job cuts, it said in an e-mailed statement today. Earl Wells, a firm spokesman, confirmed that it’s closing.