Las Vegas, NV -- (SBWIRE) -- 08/28/2013 -- Federal National Mortgage Association (OTCBB:FNMA) also familiar as Fannie Mae on Monday August 26th 2013 has been ruled out by U.S. District Court Judge Thomas M. Durkin for Federal Housing Financing Agency not to comply with fees and fines under the city law.
District Court Judge ruling concludes the fees amount to an impermissible tax by a city on the federal government. The agency oversees government-controlled Fannie Mae. The company owns hundreds of thousands of loans backed by Chicago properties. The ordinance required Fannie Mae to pay $500 per vacant building. Moreover,if failed to maintain buildings, company will also led to fines.
Fannie Mae provides stability to support services in the secondary mortgage market in the United States. The company securitizes mortgage loans originated by lenders in the primary mortgage market into Fannie Mae mortgage-backed securities.
To know what AwesomePennyStocker projects for Federal National Mortgage Associationfor both long term and short term, please click here: FNMA
AwesomePennyStocker is all about parabolic penny stocks that make epic moves up and reap massive gains for investors. Penny Stocks are heating up and APSR will reports on all of them letting investors know the difference between the winners and the losers. Come visit AwesomePennyStocker for yourself and see what everyone is talking about!
Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PLEASE NOTE: awesomepennystocker.com employees are not registered as an Investment Advisor in any jurisdiction whatsoever. Full disclaimer can be read at http://awesomepennystocker.com/disclaimer. Release of Liability: Through use of this website viewing or using you agree to hold awesomepennystocker.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss monetary or otherwise, damage monetary or otherwise, or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. awesomepennystocker.com affiliates may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. awesomepennystocker.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and awesomepennystocker.com. We make no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. This is not a solicitation to buy or sell any securities. Any claims or Statements should be deemed hypothetical. awesomepennystocker.com, nor any of its affiliates are not registered investment advisors or broker dealers.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)