Emigrant Mortgage Co. v. Chicago Financial Services, Inc.

JUSTICE ROBERT E. GORDON

delivered the opinion of the court;

This is a dispute between Emigrant Mortgage Company, Inc. (Emigrant), a New York based mortgage lender, and Chicago Financial Services, Inc. (CFS), a Chicago based mortgage loan broker, concerning commissions paid by Emigrant to CFS pursuant to contract. The business relationship between the parties is controlled by a written contract, the broker direct agreement (hereinafter agreement), and a written modification to that contract. Emigrant filed suit alleging CFS’s breach of the modified agreement. A bench trial resulted in a…