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NATIONSTAR MORTG. v. SFR INVESTMENTS POOL 1

No. 69400.

396 P.3d 754 (2017)

133 Nev.Adv.Opn. 34

NATIONSTAR MORTGAGE, LLC, a Delaware Limited Liability Company, Appellant, v. SFR INVESTMENTS POOL 1, LLC, a Nevada Limited Liability Company, Respondent.

Supreme Court of Nevada.

FILED June 22, 2017.

Attorney(s) appearing for the Case

Lemons, Grundy & Eisenberg and Robert L. Eisenberg , Reno; Akerman LLP and Darren T. Brenner , Allison R. Schmidt , and Ariel E. Stern , Las Vegas, for Appellant.

Kim Gilbert Ebron and Jacqueline A. Gilbert , Howard C. Kim , and Zachary D. Clayton , Las Vegas, for Respondent.

Fennemore Craig P.C. and Leslie L. Bryan-Hart and John D. Tennert , Reno; Arnold & Porter Kaye Scholer LLP and Michael A.F. Johnson , Washington, D.C., for Amicus Curiae.

BEFORE THE COURT EN BANC.

OPINION

Fannie Mae and Freddie Mac are government-sponsored entities that purchase and securitize residential mortgages. On September 6, 2008, the Director of the Federal Housing Finance Agency (FHFA) placed Fannie Mae and Freddie Mac (hereinafter, the regulated entities) into conservatorships. As...

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