Ex-Fannie Mae Chief Claims OFHEO Is Biased

Law360, New York (January 18, 2007, 12:00 AM EST) -- The former chief executive of government-sponsored mortgage lender Fannie Mae has asked an appeals court to throw out the case filed against him by the Office of Federal Housing and Enterprise Oversight, claiming the regulator is biased against him.

In a filing with the U.S. Court of Appeals for the District of Columbia Circuit, Franklin Raines’ attorneys called the suit “politically motivated” and asked the court to remove OFHEO chief James B. Lockhart from the proceedings.

The motion also asks that the case be moved from...
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