Replies to post #607762 on Fannie Mae-No Politics (FNMA)

[FOFreddie]

Hi Louie,

Both FNMA and FMCC have the unique status of being Federally chartered rather than being incorporated under the laws of a particular State. Nvertheless, FNMA has adopted the Laws of the State of Delaware and FMCC has adopted the laws of the Commonwealth of Virgina to be governed by. Conceptually these State and Commonwealth Laws would govern issues not preempted by HERA or other applicable Federal Statutes.