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MORTGAGEAMERICA CORP. v. BACHE HALSEY STUART SHIELDS

No. 84-2493.

789 F.2d 1146 (1986)

MORTGAGEAMERICA CORPORATION, Plaintiff-Appellant, v. BACHE HALSEY STUART SHIELDS INC., a/k/a Prudential-Bache Securities, Inc., Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

May 16, 1986.

Attorney(s) appearing for the Case

Richard L. Fuqua, II, Laura Oren, Houston, Tex., for plaintiff-appellant.

James E. Babcock, Tracy E. Friedman, Thomas T. Hutcheson, Houston, Tex., for defendant-appellee.

Before GEE, RUBIN and GARZA, Circuit Judges.

GEE, Circuit Judge:

MortgageAmerica Corp. appeals from the district court order dismissing its appeal on the merits from a bankruptcy court judgment in favor of Bache Halsey Stuart Shields, Inc. We affirm.

I.

In late 1980, MortgageAmerica Corp. ("MAC") entered into numerous oral reverse repurchase agreements with Bache Halsey Stuart Shields, Inc. ("Bache"). Under the terms of these agreements, MAC delivered sixteen Government National Mortgage Association...

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