Franklin American Mortgage Co. v. Chicago Financial Services, Inc.

MEMORANDUM

KEVIN H. SHARP, District Judge.

Pending before the Court is the fully-briefed Motion for Summary Judgment (Docket No. 39), filed by Franklin American Mortgage Company (“FAMC”). For the reasons that follow, the Court finds in favor of FAMC on its breach of contract claim against Defendant Chicago Financial Services, Inc. (“CFS”), and will hold a jury trial on damages on the date already scheduled for trial.

I. FACTUAL BACKGROUND

FAMC is a mortgage company; CFS originates, underwrites and funds mortgage loans and then sells them. In 2007, FAMC and CFS entered into a Correspondent Loan…