Massachusetts Files Lawsuit Against Fannie Mae, Freddie Mac, and FHFA

Massachusetts Attorney General Martha Coakley is suing Freddie Mae, and the Federal Housing Finance Agency because she says that they are not working with the nonprofits willing to repurchase bank-owned homes and then sell them back to their prior owners. Coakley is claiming violations of the state’s foreclosure prevention law.

在某些马萨诸塞州计划下，非营利组织现在可以以市场价值购买属于银行的房屋，然后将其出售给以前有资格获得融资的所有者，其新价格低于市场价值。马萨诸塞州的AG认为，FHFA，Freddie和Fannie正在“阻碍这些销售的方式”。

Coakley has pointed to the regulator’s policies, including one that won’t allow the two home mortgage companies to accept a price under the outstanding loan amount when houses are resold. Coakley says this is preventing families from getting their houses back. Meantime, FHFA has said that its policies protect taxpayers.

科阿克利一直在积极监管银行对房主的待遇和抵押贷款的证券化。她已经赢得了Morgan Stanley（MS），Goldman Sachs（GS），RBS（RBS）和其他次级贷款人的定居点。

This latest lawsuit follows one by a homeowner who purchased an apartment for around $300,000 in 2005. The unit is now valued at one-third of that amount. The nonprofit Boston Community Capital, which operates a buyback program, offered to purchase the apartment from the lender for $115,000. The program was to then sell the home back to the owner.

Freddie, however, refused to let the sale go through, insisting that the full $300,000 be paid. A federal court has since put out a preliminary injunction against the sale or foreclosure of the home.

Our抵押证券欺诈律师bob200体育helps investors that were victimized by securities fraud to get their losses back. Contact Shepherd Smith Edwards and Kantas, Ltd. LLP today.

Massachusetts Sues Fannie and Freddie Over Foreclosure Law, NY Times, June 2, 2014

Coakley到Sue Fannie Mae和Freddie Mac，以阻止银行拥有的房屋向非营利组织的销售, Boston Business Journal, June 2, 2014

More Blog Posts:
Bank of America Settles Mortgage Bond Claims with FHFA for $9.3B, Institutional Investor Securities Blog, March 29, 2014

PNC Bank Sues Morgan Stanley & Ex-Trust Adviser For “Surreptitious Conspiracy”, Institutional Investor Securities Blog, April 3, 2014

Wells Fargo Must Face Los Angeles’s Lawsuit Over Predatory Loans，股票经纪人欺诈博客，2014年5月30日