Mealey's Banking & Finance - 6th Circuit Finds Fannie Mae, Freddie Mac Are Exempt From Tax Payments

Mealey's Banking & Finance - 6th Circuit Finds Fannie Mae, Freddie Mac Are Exempt From Tax Payments

CINCINNATI - The Sixth Circuit U.S. Court of Appeals on July 10 affirmed a trial court's decision granting a motion to dismiss a class action filed by two Ohio counties, finding that the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corp. (Freddie Mac) were exempt from paying state real property transfer taxes (Board of Commissioners of Montgomery County, Ohio, et al. v. Federal Housing Agency, et al., No. 13-4429, 6th Cir.; 2014 U.S. App. LEXIS 13042).

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