Fannie Mae, Freddie Mac Sued in Maryland for Unpaid Taxes


fannie freddie

Fannie Mae, Freddie Mac Sued in Maryland for Unpaid Taxes

Fannie Mae (FNMA) and Freddie Mac were sued for unpaid transfer taxes by a Maryland county, which argued in a federal court filing that the home-mortgage finance companies can’t claim a government exemption from property fees.

Fannie Mae and Freddie Mac aren’t qualified for the exemption because they have been federally chartered, publicly traded, private-stock corporations since March 31, 2003, according to the complaint filed by Montgomery County yesterday in U.S. District Court in Beltsville, Maryland.

The companies “are not and have not been agencies, departments or instrumentalities of the United States for any time applicable to the claims made in the action,” according to the complaint.

The complaint also names the Federal Housing Finance Agency, which took Fannie Mae and Freddie Mac (FMCC) into U.S. conservatorship in September 2008.

“As conservator, FHFA stepped into the shoes of Fannie Mae and Freddie Mac and, to the extent that the defendant FHFA is responsible for the acts of defendants Fannie Mae and Freddie Mac, plaintiffs seek judgment against defendant FHFA,” the county said.

Rest here…

Copy of the complaint below…




Montgomery County vs Federal National Mortgage Association


[scribd id=119767163 key=key-jc6ucsaadkof91ghrp6 mode=scroll]

One Response to “Fannie Mae, Freddie Mac Sued in Maryland for Unpaid Taxes”
  1. Ken Hansen says:

    The amount of pain seen in some Maryland neighborhoods, followed by a HomePath sign on a families former home needs to be remembered properly as tragedy. One that was completely preventabl. If that doesn’t make you angry you are sleeping.

Leave a Reply

Your email address will not be published. Required fields are marked *