Lawsuit against Fannie Mae, Freddie Mac may give state millions

Michigan’s school aid fund could get a windfall of up to $100 million, and 82 of Michigan’s 83 counties could collectively claim millions more under a judge’s ruling last week that mortgage giants… View the complete article at William Horton

Timothy Mullins recently quoted in Crain’s Detroit Business article online.

Attorneys: Snyder’s terms likely to pass legal test Gov. Rick Snyder’s draft consent agreement placing Detroit under a proposed financial advisory board has some unconventional terms, but it would likely stand up to a legal challenge, local municipal attorneys said. One provision states that “any action by the city … or its unions to contest, […]