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NORWEST CORP. v. STATE, DEPT. OF INS.

No. S-96-108.

571 N.W.2d 628 (1997)

253 Neb. 574

NORWEST CORPORATION, a Delaware corporation, et al., Appellants, v. STATE of Nebraska, DEPARTMENT OF INSURANCE, Appellee, and Nebraska Land Title Association, Intervenor-Appellee.

Supreme Court of Nebraska.

December 19, 1997.

Attorney(s) appearing for the Case

Linda W. Rohman, of Erickson & Sederstrom, P.C., Lincoln, for appellants.

Don Stenberg, Attorney General, and Timothy J. Texel, Lincoln, for appellee.

William M. Lamson, Jr., Michael J. Dugan, and Michael S. Degan, of Kennedy, Holland, DeLacy & Svoboda, Omaha, for intervenor-appellee.

Robert J. Hallstrom, of Brandt, Horan, Hallstrom & Sedlacek, Nebraska City, for amicus curiae Nebraska Bankers Association, Inc.

WHITE, C.J., CAPORALE, WRIGHT, GERRARD, STEPHAN, and McCORMACK, JJ., and FAHRNBRUCH, J., Retired.

McCORMACK, Justice.

This case involves a determination of whether certain contractual undertakings by Norwest Mortgage, Inc. (NMI); American Land Title Company, Inc., doing business as ATI Title Company (ATI); and Norwest Corporation (Norwest) (collectively referred to as "appellants") relating to the status of mortgages securing residential mortgage loans originated by NMI and sold to secondary market purchasers such as...

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