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GIBSON v. FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION

Civ. A. No. 37900.

364 F.Supp. 614 (1973)

Harry GIBSON et al., Plaintiffs, v. FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION, Defendant.

United States District Court, E. D. Michigan, S. D.

October 10, 1973.

Attorney(s) appearing for the Case

Allan Neef, Darden, Neef & Heitsch, Harry Gibson, Robert Houston, Lloyd E. Powell, Detroit, Mich., for plaintiffs.

Robert C. Winter, Clark, Klein, Winter, Parsons & Prewitt, Detroit, Mich., for defendant.

MEMORANDUM OPINION

FEIKENS, District Judge.

Plaintiffs are homeowners who have mortgages thereon with the defendant, First Federal Savings and Loan Association (hereinafter referred to as First Federal). These mortgages are insured by the Federal Housing Authority. Pursuant to the mortgage instruments, plaintiffs pay to defendant a monthly escrow amount for taxes and insurance premiums.

As to the escrow funds, plaintiffs claim that First Federal...

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