Fannie Mae-No Politics (FNMA)

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Second Circuit judges chose not to "elaborate" because Countrywide was simply following Gov mandates to dole out mortgages to anyone with a pulse. Second Circuit holding Gov accountable for it's flawed "HOMES FOR ALL" policies. This bodes well for us!

But earlier this year, the Second Circuit tossed the lower court’s decision, stating that the government did not prove that Countrywide (and therefore Bank of America) committed fraud when they sold toxic mortgages to Fannie Mae and Freddie Mac.
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In the wake of its initial defeat in the Second Circuit, the government pushed to have the case revived.

But, according to the Wall Street Journal, the Second Circuit said Monday it considered the government’s request to reconsider the decision and is choosing to deny that request.

The WSJ report states that the Second Circuit judges chose not to “elaborate” on the reason for the decision.

http://www.housingwire.com/articles/37849-doj-again-rebuked-in-effort-to-enforce-massive-bofa-hustle-mortgage-fine