FHFA Wants Money Transferred from Local Government to Bondholders

Adam Levitin, Credit Slips FHFA has sued the State of Illinois and some local government units claiming that Fannie Mae and Freddie Mac are exempt from state and local real estate transfer taxes. FHFA’s argument is basically that the GSEs are subject only to non-discriminatory real estate taxes and real estate transfer taxes aren’t real estate […]