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HOME GUAR. INS. v. THIRD FINANCIAL SERVICES, INC.

No. 3-86-0869.

667 F.Supp. 577 (1987)

HOME GUARANTY INSURANCE CORPORATION v. THIRD FINANCIAL SERVICES, INC., and Peoples Federal Savings and Loan Association.

United States District Court, M.D. Tennessee, Nashville Division.

August 19, 1987.

Attorney(s) appearing for the Case

Boult, Cummings, Conners & Berry, Robert S. Patterson, Patricia Head Moskal, Nashville, Tenn., Raymond F. Scannel, Sr., Warren E. Zirkle, Robert T. Billingsley, McGuire, Woods & Battle, Richmond, Va., for plaintiff.

H. Naill Falls, Jr., Katherine Simpson Allen, Farris, Warfield & Kanaday, Nashville, Tenn., for Third Financial Services, Inc.

Wallace Dietz, Nashville, Tenn., William G. Merchant, Papernick & Gefsky, P.C., Pittsburgh, Pa., for Peoples Federal Sav. and Loan Ass'n.

MEMORANDUM

WISEMAN, Chief Judge.

This is a civil action in which the plaintiff Home Guaranty Insurance Corporation (HGIC) seeks to rescind its mortgage insurance policies on the grounds of material misrepresentations and omissions made in the applications for insurance. Defendant, Third Financial Services (Third), the originator of certain mortgage loans, has sold and assigned these mortgage loans and accompanying mortgage guarantees to defendant Peoples...

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