Federal National Mortgage Association v. McFadyen

WELLS, Judge.

In this action to enforce a lost promissory note and to foreclose a mortgage on real property, Federal National Mortgage Association (“Fannie Mae”) appeals from an order granting rehearing, vacating a final judgment of foreclosure entered in its favor, and entering a final judgment in the borrower’s favor. The trial court granted rehearing and entered judgment in the borrower’s favor, purportedly because the record failed to demonstrate that Fannie Mae had standing to bring the underlying action. We disagree and reverse with instructions to reinstate the final judgment of…