Fannie, Freddie Exempt From Transfer Tax, 6th Circ. Says

Law360, New York (May 20, 2013, 4:02 PM EDT) -- The Sixth Circuit on Monday ruled Fannie Mae and Freddie Mac are federal agencies exempt from real estate transfer taxes, overturning a lower court that said two Michigan counties could collect such taxes and dealing a blow to similar suits across the country.

In a 13-page ruling, a three-judge panel found that Fannie Mae and Freddie Mac, which were put under the conservatorship of the Federal Housing Finance Agency in 2008, are federal agencies that are given broad exemptions from all state and local taxes. Even...
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