Judge: 'Unfortunate Events' Continue For Women Suing Fannie Mae, Lender

Mealey's (August 31, 2020, 12:50 PM EDT) -- TUSCALOOSA, Ala. — A federal judge in Alabama on Aug. 26 ruled that "the unfortunate events besetting" the representatives of a woman's estate seeking to recover insurance proceeds from a fire that damaged their now-deceased mother's home before a foreclosure sale "must continue" because their failure to show identifiable, convertible funds could not support a claim for conversion against the Federal National Mortgage Association (Fannie Mae) and because CIT Bank N.A. and its parent company should be awarded summary judgment because the defendants claim no interest in the insurance proceeds (Jeanette Bennett, et al. v. CIT Bank N.A., et al., No. 18-852, N.D. Ala., 2020 U.S. Dist. LEXIS 155464)....