Phillip Jackson v. Bank of America Corporation
Court of Appeals for the Seventh Circuit
1Opinion of the Court
KANNE, Circuit Judge.
In April 2003 Phillip and Deborah Jackson applied for and obtained a $282,500 home mortgage refinancing loan with a 30-year fixed interest rate of 5.875% from Countrywide Home Loans, Inc. doing business as America’s Wholesale Lender (“AWL”). (R. 27-2 at 75-87.) To secure the loan, the Jacksons granted AWL a mortgage on their home, which was duly recorded in Hamilton County, Indiana, in May 2003. (R. 27-2 at 118); (R. 27-2 at 24.) The Jacksons used a mortgage broker — Midwest Financial & Mortgage Services, Inc. (“MFMS”} — to apply for the loan. (R. 27-2 at 120.) The…
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