FIDELITY NATIONAL TITLE INSURANCE COMPANY OF NEW YORK v. CONSUMER HOME MORTGAGE, INC.


272 A.D.2d 512 (2000)

708 N.Y.S.2d 445

FIDELITY NATIONAL TITLE INSURANCE COMPANY OF NEW YORK et al., Respondents, v. CONSUMER HOME MORTGAGE, INC., Appellant, et al., Defendants.

Appellate Division of the Supreme Court of the State of New York, Second Department.

Decided May 22, 2000.


Ordered that the order and judgment is affirmed insofar as appealed from, with costs.

The defendant, Consumer Home Mortgage, Inc. (hereinafter Consumer), is in the business of lending money for the purchase of residential homes, with those loans secured by mortgages. In order to fund the mortgage loans it offers, Consumer entered into interim loans from lending institutions known as "warehouse banks", and upon the closing of each loan, Consumer then sold the loan...

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