Transfer Tax Suits Pile Up Against Fannie, Freddie

Law360, New York (July 12, 2012, 7:55 PM EDT) -- Fannie Mae and Freddie Mac have been hit with a slew of putative class actions over hundreds of millions in unpaid transfer taxes, and attorneys are looking to strike against the housing giants again in a move that may double the recoupable amounts.

More than half a dozen suits and a motion for an MDL have been filed against the two entities — as well as their government conservator, the Federal Housing Finance Agency — since U.S. District Judge Victoria A. Roberts ruled in March that...
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