United States Supreme Court
Lightfoot v. Cendant Mortgage Corp., 14-1055
In a mortgagee's suit filed in state court against the Federal National Mortgage Association (Fannie Mae), a federally chartered corporation that participates in the secondary mortgage market, alleging deficiencies in the refinancing, foreclosure, and sale of their home, the Ninth Circuit's affirmation of the district court's denial of plaintiffs' motion to remand the case to state court and judgment against plaintiffs is reversed where Fannie Mae's sue-and-be-sued clause of 12 U.S.C. section 1723a(a) does not grant federal courts jurisdiction over all cases involving Fannie Mae.
Appellate Information
- Published 2017/01/18
Judges
- SOTOMAYOR
Court
- United States Supreme Court