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Judge tosses Mass. suit against Fannie Mae, Freddie Mac

bostonglobe.com | October 27, 2014

By Martin Finucane and Andrea Estes

A federal judge has dismissed a lawsuit brought by Massachusetts Attorney General Martha Coakley against the federal agencies Freddie Mac and Fannie Mae for refusing to sell homes in foreclosure to nonprofit groups that want to return them to the original owners.

US District Judge Richard G. Stearns issued his ruling in the case Tuesday.

The lawsuit made national headlines in June when it was filed. It also made a splash last week in the Massachusetts gubernatorial campaign, in which Coakley is the Democratic nominee.

The Globe reported Thursday that the cochair of Coakley’s campaign finance committee, Elyse Cherry, runs the only nonprofit in the country that buys and sells such distressed properties.

 

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CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

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