Clyde C. Freeman and Nancy F. Freeman v. Federal Deposit Insurance Corporation, as Receiver for Madison National Bank

Opinion for the Court filed by Circuit Judge WALD.

WALD, Circuit Judge:

District of Columbia residents Clyde C. Freeman and Nancy F. Freeman brought suit seeking injunctive and declaratory relief to prohibit the Federal Deposit Insurance Corporation (“FDIC” or “Corporation”), as receiver for Madison National Bank (“Madison”), from foreclosing on their home. The Freemans also sought rescission of their underlying loan agreement with Madison, as well as compensatory damages for conversion, wrongful foreclosure, and breach of contract. The United States District Court for the District of Columbia…