Legal Opinion
Fulton County Employees Retirement System v. MGIC Investment Corp.
Court of Appeals for the Seventh Circuit
Decided April 12, 2012No. 11-1080PublishedCited by 15 opinions
1Opinion of the Court
EASTERBROOK, Chief Judge.
MGIC Investment Corporation insures mortgage loans. Lenders prefer security beyond the borrower’s promise to pay plus the value of the real property. The market price of land or a house may decline; its worth may have been overestimated; borrowers may fail to make payments or allow the collateral to fall into disrepair. Several governmental agencies offer mortgage insurance. When no governmental body will insure a loan — or when public insurance is limited (often it covers only 80% of the collateral’s appraised value)— firms such as MGIC stand ready to sell private…
2Cases cited7 opinions
- Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
- Janus Capital Group, Inc. v. First Derivative TradersSupreme Court of the United States · 2011
- Denny v. BarberCourt of Appeals for the Second Circuit · 1978
- Harrison v. Dean Witter Reynolds, Inc.Court of Appeals for the Seventh Circuit · 1992
- Wielgos v. Commonwealth Edison Co.Court of Appeals for the Seventh Circuit · 1989
2 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Glickenhaus & Company v. Household International, Inc.Court of Appeals for the Seventh Circuit · 2015
- Slater v. AG Edwards & Sons, Inc.Court of Appeals for the Tenth Circuit · 2013
- City of Livonia Employees' Retirement System & Local 295/Local 851 v. Boeing Co.Court of Appeals for the Seventh Circuit · 2013
- Comprehensive Investment Services, Inc. v. MuddDistrict Court, S.D. New York · 2012
- Securities & Exchange Commission v. GoldstoneDistrict Court, D. New Mexico · 2013
10 more not listed; retrieve them via the Exa API.