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PEOPLE EX REL. DOWLING v. AAMBG REINSURANCE, INC.

Case No. 16 C 7477.

260 F.Supp.3d 972 (2017)

PEOPLE of the State of Illinois, EX REL., Anne Melissa DOWLING, Acting Director of Insurance of the State of Illinois, as Rehabilitator for Triad Guaranty Insurance Corporation and Triad Guaranty Assurance Corporation, Plaintiff, v. AAMBG REINSURANCE, INC., and Bank of America Corporation, Defendants.

United States District Court, N.D. Illinois, Eastern Division.

Signed June 1, 2017.

Editors Note
Applicable Law: 28 U.S.C. § 1331
Cause: 28 U.S.C. § 1331 Federal Question
Nature of Suit: 890 Other Statutory Actions
Source: PACER

Attorney(s) appearing for the Case

Dominick L. Lanzito , Patrick S. Wall , Thomas Joseph Condon, Jr. , Peterson, Johnson & Murray Chicago LLC, Chicago, IL, for Plaintiff.

David M. Souders , Weiner Brodsky Kider PC, David L. Permut , Thomas M. Hefferon , Goodwin Procter LLP, Washington, DC, Joseph M. Callaghan , Lucia Nale , Thomas Vangel Panoff , Mayer Brown LLP, Chicago, IL, for Defendants.

MEMORANDUM OPINION AND ORDER

I. BACKGROUND

Normally a home purchaser is required to pay 20% of the purchase price as a down payment in order to compensate for the risk of default. In order to increase the supply of home purchasers, lenders...

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