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FREEMAN v. F.D.I.C.

No. 93-5395.

56 F.3d 1394 (1995)

Clyde C. FREEMAN and Nancy F. Freeman, Appellants, v. FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver for Madison National Bank, Appellee.

United States Court of Appeals, District of Columbia Circuit.

Decided June 13, 1995.

Attorney(s) appearing for the Case

Harvey A. Levin, Washington, DC, argued the cause and filed the briefs for appellants.

Kathryn R. Norcross, Counsel, F.D.I.C., Washington, DC, argued the cause for appellee. With her on the brief was Richard J. Osterman, Jr., Sr. Counsel, F.D.I.C., Bethesda, MD. Michelle H. Phillips, Washington, DC, entered an appearance.

Before WALD, SILBERMAN and TATEL, Circuit Judges.

Opinion for the Court filed by Circuit Judge WALD.

WALD, Circuit Judge:

District of Columbia residents Clyde C. Freeman and Nancy F. Freeman brought suit seeking injunctive and declaratory relief to prohibit the Federal Deposit Insurance Corporation ("FDIC" or "Corporation"), as receiver for Madison National Bank ("Madison"), from foreclosing on their home. The Freemans also sought rescission of their underlying loan agreement with Madison, as well as compensatory...

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