AFFORDABLE COMMUNITIES OF MISSOURI v. FANNIE MAE

No. 15-1566.

815 F.3d 1130 (2016)

AFFORDABLE COMMUNITIES OF MISSOURI, Plaintiff-Appellant v. FEDERAL NATIONAL MORTGAGE ASSOCIATION, a federally chartered corporation, Defendant-Appellee EF & A Capital Corporation; EF & A Funding LLC, Defendants.

United States Court of Appeals, Eighth Circuit.

Filed: February 24, 2016.


Attorney(s) appearing for the Case

David H. Luce , argued, Gerard T. Carmody , Tina N. Babel , Lauren M. Wacker , on the brief, Saint Louis, MO, for Plaintiff-Appellant.

John Gerard Young, Jr. , argued, Neal Bryant Griffin , on the brief, Saint Louis, MO, for Defendant-Appellee.

Before MURPHY, SMITH, and BENTON, Circuit Judges.


Affordable Communities of Missouri (Affordable) alleges that Federal National Mortgage Association (Fannie Mae) breached its contract by penalizing Affordable for prepaying its loan after it was forced to sell its Jefferson Arms Apartments (Jefferson Arms) property to avoid condemnation. The district court

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