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CITIMORTGAGE, INC. v. CHICAGO BANCORP, INC.

No. 15-1375.

808 F.3d 747 (2015)

CITIMORTGAGE, INC., Plaintiff-Appellee, v. CHICAGO BANCORP, INC., Defendant-Appellant.

United States Court of Appeals, Eighth Circuit.

Filed: December 21, 2015.

Attorney(s) appearing for the Case

Daniel S. Hefter , argued, Chicago, IL, ( Mark Goodman , Drey Cooley , Saint Louis, MO, on the brief), for appellant.

Thomas Walsh , argued, Louis Francis Bonacorsi , Mark T. Keaney, Jr. , on the brief, Saint Louis, MO, for appellee.

Before WOLLMAN, COLLOTON, and KELLY, Circuit Judges.

CitiMortgage, Inc. (CMI) and Chicago Bancorp, Inc. (Bancorp) entered into a contract under which CMI agreed to buy residential mortgage loans underwritten or originated by Bancorp, and Bancorp agreed to cure or repurchase any such loan that CMI, in its "sole and exclusive discretion," determined did not conform with the terms...

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