Mendrala v. Crown Mortgage Co.
Court of Appeals for the Seventh Circuit
1Opinion of the Court
CUDAHY, Circuit Judge.
This case asks us to decide whether the Federal Home Loan Mortgage Corporation (FHLMC) may be bound or estopped by the unauthorized actions of its loan servicer. It also presents the issue whether the FHLMC is a “federal agency” for purposes of the Federal Tort Claims Act. We affirm in part, reverse in part and remand.
I
In April 1984, the Mendralas borrowed $110,000 from Crown Mortgage Company to finance the purchase of an apartment building in Chicago. They executed a promissory note which was secured by a mortgage, both dated April 11, 1984. At the time of application…
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- Logue v. United StatesSupreme Court of the United States · 1973
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