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CENTURY FEDERAL SAV., ETC. v. ROUDEBUSH

Nos. 356-7, Dockets 79-6144, 6178.

618 F.2d 969 (1980)

CENTURY FEDERAL SAVINGS AND LOAN ASSOCIATION OF LONG ISLAND, Plaintiff-Appellant, v. Richard L. ROUDEBUSH, Administrator of Veterans Affairs, and the UNITED STATES of America, Defendants-Appellees. CENTURY FEDERAL SAVINGS AND LOAN ASSOCIATION OF LONG ISLAND, Plaintiff-Appellant, v. Max CLELAND, Administrator of Veterans Affairs, and the United States of America, Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided March 17, 1980.

Attorney(s) appearing for the Case

Samuel M. Golden, Lawrence, N. Y. (Blum, Ross, Weisler, Bergstein & Golden, Lawrence, N. Y., on brief), for plaintiff-appellant.

Robert L. Begleiter, Asst. U. S. Atty., E. D. New York, Brooklyn, N. Y. (Edward R. Korman, U. S. Atty., E. D. New York, Brooklyn, N. Y., on brief), for defendants-appellees.

Before LUMBARD, FEINBERG and VAN GRAAFEILAND, Circuit Judges.

VAN GRAAFEILAND, Circuit Judge:

The issue in this case is whether the assignee of a mortgage guaranteed by the United States Veterans Administration as provided for in Chapter 37 of 38 U.S.C. can recover under the guaranty if the mortgagor's signature on certain critical documents was forged. The district court held that it could not. We agree.

In 1973, Inter-Island Mortgage Corporation of Jamaica, New York, submitted two applications for home loan guaranties...

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