3/27/13 - Federal housing officials are disputing claims made by a realtor whose Brighton and Livonia offices were recently raided by the FBI. The Federal Home Loan Mortgage Corporation, known as Freddie Mac, this week filed a response to allegations made by realtor Will Elias, who is suing the agency after they placed his company, Elias Realty, on an exclusionary list prohibiting his firm from taking part in any mortgage they were involved with. Elias says Freddie Macâs actions were unwarranted, forcing him to file a lawsuit in federal court in January. However, Freddie Mac says a company known as Federal Modification Group was an assumed name for one of Eliasâ companies and that public filings show their loan modification services were the subject of cease and desist orders in four different states. Further, they claim that Freddie Mac found out that FMG had accepted up-front fees from at least one Freddie Mac borrower in Michigan for a loan modification request that was never completed. The agency says that alone provided them with justification to stop doing business with Elias Realty and they have requested that the lawsuit be dismissed. Meanwhile, there has still been no word from the FBI whether any charges will result in the February 27th raid of Elias Realty offices in Brighton and Livonia. (JK)
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