6th Circ. Says Fannie, Freddie Exempt From Transfer Taxes

Case Title

Board Of Commissioners, et al v. Fed Housing Finance Agency, et al

Case Number



Appellate – 6th Circuit

Nature of Suit

4950 Constitutional – State Statute

Law360, New York (July 10, 2014, 3:12 PM ET) — The Sixth Circuit on Thursday upheld a district court’s dismissal of a class action brought by two Ohio counties against Fannie Mae and Freddie Mac seeking unpaid real property transfer taxes, saying the mortgage giants’ statutory charters exempted them.

According to the appeals court’s Thursday opinion, the district court was correct in determining that their statutory charters exempted Fannie Mae and Freddie Mac from all state and local taxes, including Ohio’s transfer tax. In addition, the appeals court concurred with the district court that the tax…

Read on.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s