NC Counties Take Fannie, Freddie Tax Case To 4th Circ.

Law360, New York (October 15, 2013, 1:42 PM ET) -- North Carolina counties pursuing a class action against Fannie Mae and Freddie Mac said Monday that they would appeal a federal court's ruling that the two mortgage giants are exempt from paying real estate transfer taxes in the state.

The counties filed a notice that they intend to appeal U.S. District Judge William Osteen Jr.'s September ruling to the Fourth Circuit, which is already hearing an appeal of similar cases from Maryland and South Carolina. States around the country have in recent years been challenging Fannie...
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