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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.