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FEDERAL HOME LOAN MORTGAGE CORP. v. SUPERIOR COURT

Docket No. B049809.

224 Cal.App.3d 218 (1990)

273 Cal. Rptr. 531

FEDERAL HOME LOAN MORTGAGE CORPORATION, Petitioner, v. THE SUPERIOR COURT OF LOS ANGELES COUNTY, Respondent; ROXANI M. GILLESPIE, as Insurance Commissioner, etc., et al., Real Parties in Interest.

Court of Appeals of California, Second District, Division Seven.

September 28, 1990.

Attorney(s) appearing for the Case

COUNSEL

Dean S. Cooper, Jan T. Chilton, Laura J. Dorman, Severson & Werson, William D. Compton and Arter & Hayden for Petitioner.

No appearance for Respondent.

John K. Van de Kamp, Attorney General, Edmond B. Mamer and Mark P. Richelson, Deputy Attorneys General, Honigman, Miller, Schwartz & Cohn, Stephen Wasinger, Sheldon S. Toll, Frederick M. Baker, Jr., Dorais & Wheat, Carol B. Singer, Wilmer, Cutler & Pickering, Gary D. Wilson, William J. Perlstein, Michael J. Stevenson, Paul A. Vergets, Poindexter & Doutre, James P. Drummy, Jenner & Block, David E. Zerhusen, Ballard, Spahr, Andrews & Ingersoll, Joseph A. Fanone, William A. Slaughter, Brobeck, Phleger & Harrison and Daniel J. Woods for Real Parties in Interest.

OPINION

JOHNSON, J.

We issued an order to show cause to determine whether petitioner Federal Home Loan Mortgage Corporation (Freddie Mac) should be granted priority in its claim against the estate of TMIC Insurance Company (TMIC). We conclude Freddie Mac is not entitled to priority and accordingly deny the petition.

STATEMENT OF FACTS AND PROCEEDINGS BELOW.

Freddie Mac is a United States corporate entity created...

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