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UNION INV. CO. v. FIDELITY & DEPOSIT CO. OF MD.

No. 76-1027.

549 F.2d 1107 (1977)

UNION INVESTMENT COMPANY, a Michigan Corporation, on behalf of its wholly-owned subsidiary Fort Wayne Mortgage Co., a Michigan Corporation, Plaintiff-Appellee, v. FIDELITY & DEPOSIT COMPANY OF MARYLAND, a Maryland Corporation, Defendant-Appellant.

United States Court of Appeals, Sixth Circuit.

Decided February 23, 1977.

Attorney(s) appearing for the Case

Robert G. Russell, Kerr, Wattles & Russell, Robert R. Nix, II, Detroit, Mich., for defendant-appellant.

Robert S. Bolton, Butzel, Levin, Winston & Quint, Larry K. Griffis, Detroit, Mich., for plaintiff-appellee.

Before PHILLIPS, Chief Judge, and PECK and LIVELY, Circuit Judges.

PHILLIPS, Chief Judge.

The question presented on this appeal is whether forged Federal Housing Administration Certificates of Mortgage Insurance were covered by a blanket bond issued by Fidelity and Deposit Company of Maryland (Fidelity), the defendant-appellant. Union Investment Company (Union), the plaintiff-appellee, through a wholly owned subsidiary, relied upon the forged certificates in advancing mortgage money. In an opinion reported at 400...

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