Guaranty Residential Lending, Inc. v. International Mortgage Center, Inc.

MEMORANDUM OPINION AND ORDER

HART, District Judge.

Plaintiff Guaranty Residential Lending, Inc. alleges that it purchased six fraudulent mortgage loans (the “Subject Loans”) on the secondary market and that the named defendants are responsible for the losses resulting from the Subject Loans. Plaintiff alleges a scheme in which residential properties located in Chicago, Illinois (the “Subject Properties”) were purchased and then purportedly resold at inflated values, with the Subject Loans being based on the inflated values. As to at least four of the Subject Properties, the purported second…