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RESIDENTIAL FUNDING CO., LLC v. TERRACE MORTG. CO.

No. 12-2569.

725 F.3d 910 (2013)

RESIDENTIAL FUNDING COMPANY, LLC, Plaintiff-Appellee v. TERRACE MORTGAGE COMPANY, a Georgia corporation, Defendant-Appellant.

United States Court of Appeals, Eighth Circuit.

Filed: August 7, 2013.

Attorney(s) appearing for the Case

Aaron PM Tady , argued, Lawrenceville, GA, John D. Sear , Melissa R. Stull , on the brief, Minneapolis, MN, for appellant.

Donald G. Heeman , argued, Minneapolis, MN, Richard R. Voelbel , Minneapolis, MN, and Jon L. Farnsworth , Saint Paul, MN, on the brief, for appellee.

Before WOLLMAN, BYE, and COLLOTON, Circuit Judges.

BYE, Circuit Judge.

Residential Funding Company, LLC ("Residential"), sued Terrace Mortgage Company ("Terrace"), alleging Terrace breached the parties' contract when it refused to repurchase thirteen loans Residential had purchased from Terrace. The district court1 granted Residential's motion for summary judgment. Terrace appeals and we affirm.

I

Terrace originates residential...

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