E & W Building Material Co. v. American Savings & Loan Ass'n

MEMORANDUM OPINION

HOBBS, Chief Judge.

This diversity case involves a claim by plaintiff, E & W Building Material Co., Inc. (E & W), and plaintiff intervenors, Charles and Sandra Starling (Starling) against defendant, American Savings & Loan Association of Brazoria County, Texas (American Savings), for declaratory judgment that the mortgage loan agreement entered into between Starling and American Savings’ assignor, First American Mortgage Co., Inc. (First American) is void and unenforceable. This nonjury case was tried before this Court on October 7, 1986. For the reasons herein set forth, the…