U.S. Supreme Court
Jan. 19, 2017
Suit against Fannie Mae can be tried in state court, U.S. Supreme Court rules
The Federal National Mortgage Association, more commonly known as Fannie Mae, cannot automatically transfer state law disputes to federal court, the U.S. Supreme Court unanimously ruled Wednesday.
Daily Journal Staff Writer
The Federal National Mortgage Association, more commonly known as Fannie Mae, cannot automatically transfer state law disputes to federal court, the U.S. Supreme Court unanimously ruled Wednesday.
Fannie Mae, a government-sponsored enterprise, had claimed that language in its federal charter conferred federal jurisdiction over all claims brought by or against the mortgage giant.
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