Replies to post #378903 on Fannie Mae-No Politics (FNMA)

[obiterdictum]

What are the ramifications, if any, of this? Thanks....

http://www.themreport.com/daily-dose/01-18-2017/fannie-mae-no-longer-automatic-path-federal-court

This SCOTUS decision supports plaintiffs and defendants suing or being sued by Fannie Mae (but not necessarily for those suing Freddie Mac, FHFA, US Treasury or the US) when they wish to remain in a state court.

In cases brought by plaintiffs against Fannie Mae in a state court, Fannie Mae cannot now automatically remove the case to a federal court, a more favorable venue, with the argument that Fannie Mae's congressional charter granted subject matter jurisdiction over cases in which it was involved as a plaintiff or defendant. This is a 15 year case that has many twists and turns, which can be briefly covered if for some substantial reason that info is needed. Or the SCOTUS syllabus and opinion linked below can be reviewed.

Held: Fannie Mae’s sue-and-be-sued clause does not grant federal courts jurisdiction over all cases involving Fannie Mae. - https://www.supremecourt.gov/opinions/16pdf/14-1055_6j36.pdf

Case 769 F. 3d 681 - Judgement - Reversed - See http://cdn.ca9.uscourts.gov/datastore/opinions/2014/10/02/10-56068.pdf