April 30, 2013
A New Jersey federal judge on Tuesday dismissed a putative class action launched by Cape May County, N.J., alleging that Fannie Mae and Freddie Mac failed to pay transfer taxes on foreclosures in multiple states, agreeing that federal law exempts the mortgage giants from all taxation.
July 30, 2012
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.