NJ County Fights Fannie, Freddie Over Foreclosure Fees

Law360, New York (July 30, 2012, 3:10 PM EDT) -- Cape May County, N.J., joined the flurry of litigation against Fannie Mae and Freddie Mac over unpaid transfer taxes, alleging in its own putative class action Friday that the companies failed to meet their tax obligations relating to foreclosures in 37 states.

Cape May County and County Clerk Rita Marie Fulginiti brought the case against Federal National Mortgage Association, aka Fannie Mae, and Federal Home Loan Mortgage Corp., aka Freddie Mac, as well as the Federal Housing Finance Agency on behalf of all other counties and recording officers in the state and throughout the U.S. who have been unable to collect...

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