Babylon v. Federal Housing Finance Agency

ELR Citation: 42 ELR 20227
No(s). 11-3408-cv, 11-3285-cv (2d Cir. Oct 24, 2012)

The Second Circuit upheld the dismissal of two lawsuits challenging a Federal Housing Finance Agency (FHFA) directive directing Fannie Mae and Freddie Mac to take "prudential actions" to protect themselves against risks raised by Property Assessed Clean Energy (PACE) programs that impose priority- o...