Fannie, Freddie Hit With Unpaid-Taxes Suit In W.Va.

Law360, Washington (July 2, 2012, 2:00 PM EDT) -- A West Virginia county hit the agency overseeing Fannie Mae and Freddie Mac with a putative class action in federal court Thursday in an effort to collect tens of millions of dollars in excise taxes allegedly left unpaid by the housing giants.

Wyoming County Clerk D. Michael Goode filed the complaint against the Federal Housing Finance Agency, Fannie Mae and Freddie Mac, alleging the companies falsely represented themselves as government entities for tax exemption purposes even though they are publicly traded private companies.

West Virginia charges...
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