In Re Proceedings Under the Mortgage Guaranty Corp.

Lewis, V. C.

This matter is now before the court on a claim of the Home Owners’ Loan Corporation. The Citizens Title Insurance and Mortgage Company issued some 112 title insurance policies, each for $1,000 to the Home Owners’ Loan Corporation, for which there was paid a premium of $40 each. The policies insured against defects of title on premises on which the Home Owners’ Loan Corporation made loans. No losses have occurred as yet because of defects of title on any of the premises. ■ The Citizens Company is now in liquidation and the question before the court is as to what claim, if any, the…