Liberty Mortgage Banking, Ltd. v. Federal Home Loan Mortgage Corporation

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• noting distinction between federal and state definitions of state action
• Freddie Mac is a private corporation rather than a government agency
• “[Plaintiff does not allege that the federal government in any way compelled Freddie Mac’s action. Indeed, there is no allegation that any federal employee or official participated in, or even had any prior knowledge of, Freddie Mac’s decision to terminate Liberty.”
• “[N]o federal agency exercises any oversight or regulatory control over the day-to-day decision making of Freddie Mac. Thus, there is not a sufficiently close nexus between Freddie Mac’s decision to terminate Liberty and the federal government to treat the termination as government action.”

Source: CourtListener parenthetical corpus (CC0).