F.D.I.C. v. SOURCE ONE MORTG. SERVICES CORP.

CA No. 93-11183-T.

844 F.Supp. 40 (1994)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff, v. SOURCE ONE MORTGAGE SERVICES CORPORATION, Defendant.

United States District Court, D. Massachusetts.

January 28, 1994.


Attorney(s) appearing for the Case

Jonathan W. Fitch, Andrea Peraner-Sweet, John J. Pentz, Sally & Fitch, Boston, MA and Denzil D. McKenzie, McKenzie & Edwards, P.C., Cambridge, MA, for F.D.I.C.

James A. Kobe, Joseph C. Marrow, Richard J. Yurko, Hutchins, Wheeler & Dittmar, Boston, MA, and Carl Von Ende and Marjory Basile, Miller, Canfield, Paddock & Stone, Detroit, MI, for Source One Mortg. Services Corp. aka Fireman's Fund Mort. Corp.


MEMORANDUM

TAURO, Chief Judge.

I.

Background

On September 13, 1991, the Federal Deposit Insurance Corporation ("FDIC"), as receiver for the insolvent First Mutual Bank for Savings ("First Mutual"), notified Source One Mortgage Services Corporation ("Source One") that it was disaffirming a 1986 mortgage servicing agreement held by Source One, effective November 30, 1991. At that time, Source One was holding more than $4.1...

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