Legal Opinion
New York Guardian Mortgagee Corp. v. Cleland
District Court, S.D. New York
Decided April 3, 1979No. 78 Civ. 3649PublishedCited by 31 opinions
1Opinion of the Court
LASKER, District Judge.
The present case comes before the court on cross-motions for summary judgment. The New York Guardian Mortgagee Corp. (“plaintiff” or “Guardian”) and the Government National Mortgage Association (“defendant” or “GNMA”) seek a declaration of their rights and duties in connection with the distribution of certain funds to holders of “modified pass-through” securities issued by Guardian under GNMA’s “Mortgage Backed Securities Program.” 1
*411I.
The Statutory Scheme
During 1968, Congress, in an effort to attract private capital into housing, created GNMA as a wholly-owned…
2Cases cited13 opinions
- Brillhart v. Excess Insurance Co. of AmericaSupreme Court of the United States · 1942
- Regional Rail Reorganization Act CasesSupreme Court of the United States · 1974
- Aetna Casualty & Surety Co. v. QuarlesCourt of Appeals for the Fourth Circuit · 1937
- United States v. Harry BernsteinCourt of Appeals for the Second Circuit · 1976
- Broadview Chemical Corporation v. Loctite CorporationCourt of Appeals for the Second Circuit · 1969
8 more not listed; retrieve them via the Exa API.
3Cited by31 opinions
- G-69 v. DegnanDistrict Court, D. New Jersey · 1990
- Caleb & Co. v. E.I. DuPont De Nemours & Co.District Court, S.D. New York · 1985
- Rockford Life Insurance v. Illinois Department of RevenueSupreme Court of the United States · 1987
- Adams v. United StatesDistrict Court, S.D. New York · 1988
- Ruiz v. Commissioner of the Department of TransportationDistrict Court, S.D. New York · 1988
26 more not listed; retrieve them via the Exa API.