Ohio county sues Fannie and Freddie

Jul 26, 2012

Montgomery County officials have filed a class action lawsuit against Fannie Mae and Freddie Mac, who they say owe millions in unpaid taxes. The suit alleges the mortgage giants wrongfully claimed various exemptions to avoid paying county transfer taxes on homes and new homeowners. County officials say both companies filed for exemptions as government entities and other inapplicable exemptions for an unspecified period of time. A Fannie Mae representative says the company cannot comment on pending litigation.