Minn. County Treasurer Sues Fannie, Freddie Over Unpaid Taxes

Law360, New York (July 5, 2012, 5:13 PM EDT) -- A Minnesota county treasurer hit the agencies overseeing Fannie Mae and Freddie Mac with a putative class action in federal court on Tuesday in an effort to collect at least $75,000 in unpaid excise taxes from which the housing giants allegedly claimed they were exempt.

Ronald A. Vadnais, treasurer for Swift County, Minn., brought the case against Federal National Mortgage Association, aka Fannie Mae, and Federal Home Loan Mortgage Corp., aka Freddie Mac, on behalf of all treasurers and other officials in the state who have...
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