Court Affirms Freddie’s Right to Maintain ‘Exclusionary List’
July 14, 2008
Freddie Mac was well within its legal rights and broke no law in placing a mortgage broker on a list of people and companies with whom it does not want to do business, according to the U.S. Court of Appeals for the 9th Circuit. In Family Home and Finance Center, Inc. v. Federal Home Loan Mortgage Corp., the appeals court rejected the broker’s claim for intentional interference with contract because...