Federal Housing Finance Agency, on Its Own Behalf and as Conservator of Fannie Mae and Freddie Mac v. City of Chicago, a municipal corporation

  1. August 26, 2013

    Fannie, Freddie Duck Chicago's Property Maintenance Rule

    Mortgage giants Fannie Mae and Freddie Mac do not have to comply with a Chicago ordinance that would have required them to register and maintain vacant properties for which they hold the mortgages, an Illinois federal judge ruled Friday.

  2. June 19, 2013

    Chicago Says Vacant-Property Ordinance Isn't Preempted

    An attorney for the city of Chicago told an Illinois federal judge Wednesday that the Federal Housing Finance Agency's suit challenging a local vacant-property ordinance should be axed because the ordinance is not preempted by federal law and the agency lacks authority to bring the case.

  3. April 13, 2012

    Fannie Mae Asks Servicers To Protest Chicago Property Law

    Fannie Mae on Wednesday ordered its Chicago-area mortgage servicers to file written protests of a local vacant property ordinance when sending in payments for fees required by the law, which the lender's conservator is fighting in federal court.

  4. December 15, 2011

    Chicago Issues New Vacant Property Ordinance

    In the wake of a lawsuit brought by federal regulators over a July ordinance requiring mortgage holders to register vacant buildings, Cook County, Ill., passed another such rule Wednesday calling for mortgagees to pay a $250 fee to list vacant buildings on a countywide registry.

  5. December 12, 2011

    Housing Agency Targets Chicago Over Vacant Property Fee

    Federal housing regulators on Monday sued the city of Chicago in Illinois federal court, saying Fannie Mae and Freddie Mac shouldn't be subject to the city's recently enacted ordinance requiring mortgage companies to maintain vacant properties.