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TCF MORTG. CORP. v. VEREX ASSUR., INC.

No. 3-88 CIV 868.

709 F.Supp. 164 (1989)

TCF MORTGAGE CORPORATION, Plaintiff, v. VEREX ASSURANCE, INC., Defendant.

United States District Court, D. Minnesota, Third Division.

February 13, 1989.

Attorney(s) appearing for the Case

James T. Swenson, Mackall, Crounse & Moore, Minneapolis, Minn., for plaintiff.

Richard T. Thomson, Lapp, Laurie, Libra, Abramson & Thomson, Chartered, Minneapolis, Minn., for defendant.

ORDER

DEVITT, District Judge.

BACKGROUND

Plaintiff TCF Mortgage Corporation ("TCF") and the Gregory P. Smiths (not parties to this suit) entered into a mortgage loan agreement in 1984 for the purchase of a new house in Brooklyn Center, Minnesota. Defendant Verex Assurance, Inc. ("Verex") provided mortgage loan guarantee insurance for this loan.

Eventually the Smiths defaulted and the loan was foreclosed. In June, 1987, TCF presented a claim...

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