Antitrust Suit Over Fanny, Freddie's 'G-Fees' Survives

Law360, New York (October 30, 2008, 12:00 AM EDT) -- A federal judge on Wednesday partially granted Fannie Mae and Freddie Mac's motion to dismiss a putative antitrust class action alleging the mortgage giants collaborated instead of competed when setting guarantee fees associated with backstopping against loan defaults. But a key portion of the lawsuit survived.

The plaintiffs, who hail from 12 states, sued the Federal National Mortgage Home Loan Association (Fannie Mae) and the Federal National Home Loan Mortgage Corp. (Freddie Mac) in January 2005 in the U.S. District Court for the District of Columbia...
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