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Jul 8, 2014, 1:49pm EDT
Coakley's case against Fannie Mae, Freddie Mac headed to federal court

Matthew L. Brown
Reporter- Boston Business Journal
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Attorney General Martha Coakley's case against Fannie Mae and Freddie Mac will be heard in federal court rather than the state court where it was filed, as a reuslt of U.S. District Court filing.

In June, Coakley sued the two housing finance agencies, as well as the Federal Housing Finance Agency, which has held them in conservatorship since they were bailed out by the government during the credit crisis. The suit claims agency policies that prevent lenders from selling foreclosed homes for less than their original loan amounts violate the state's 2012 foreclosure prevention law.

Coakley's suit was filed early last month in Suffolk County Superior Court. The federal government has the right to remove cases against it to federal court.

http://www.bizjournals.com/boston/blog/bottom_line/2014/07/coakleys-case-against-fannie-mae-freddie-mac.html