Crockett Mortgage Co. v. Government National Mortgage Ass'n

MEMORANDUM AND ORDER

CAHN, District Judge.

The plaintiff, Crockett Mortgage Company (“Crockett”), bid on six mortgages which were offered in a sale of options to purchase mortgages from defendant, Government National Mortgage Association (“GNMA”). Crockett’s bid was not accepted, because an earlier but lower bid had already been accepted. Crockett requests an injunction setting aside all sales of mortgages under the procedure used by GNMA from October 15,1975, until February, 1976.

GNMA has filed a motion to dismiss for lack of jurisdiction over the subject matter and failure to state a claim…