County joins suit against Fannie Mae, Freddie Mac

County joins suit against Fannie Mae, Freddie Mac.

 

Kay County Commissioners voted Monday to join a class action lawsuit against Fannie Mae and Freddie Mac to collect unpaid mortgage fees.

Commissioners planned to approve an official contract on Wednesday with the Mitchell and DeClerck P. L. L. C.., Attorneys at Law, from Enid to represent the county in the suit.

Roger L. Ediger, P.C., an Enid attorney, discussed the issue with the commissioners on Monday.

Ediger said that 10 states have filed the class action suit, Kay and Garfield Counties are the only two from Oklahoma thus far.
The dispute is over the mortagae fees paid to counties when a property is sold.

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