Fannie Mae-No Politics (FNMA)

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Both parties agree that Freddie Mac, as a private institution, would be the appropriate counterparty in a breach of contract suit. See O’Melveny & Myers v. F.D.I.C., 512 U.S. 79, 85 (1994). According to both par- ties, the suit would have been brought in Virginia state court under Virginia law, which has a five-year statute of limitations for contract claims. See Va. Code Ann. § 8.01- 246(2) (1977).


that nice and matter of time !