A federal appeals court has overturned a lower court ruling and has thrown out Oakland County's tax claims against the federally charted mortgage giants Fannie Mae and Freddie Mac.
The county sued Fannie Mae and Freddie Mac in Detroit federal court, saying they illegally avoided as much as $1.5 million in taxes when filing real estate documents.
In March 2012, U.S. District Court Judge Victoria Roberts granted Oakland County summary judgment in the lawsuit.
The mortgage companies say they're exempt as government entities.
On Monday, the U.S. 6th Circuit Court of Appeals reversed Roberts' decision and ordered her instead to grant summary judgment in the lenders' favor.