Johnson v. United States Department of Housing & Urban Development

ORDER

LIMBAUGH, District Judge.

This cause of action arose out of an agreement in April 1988 between defendants Hillvale Associates and Southern Commercial Bank, Mortgagor and Mortgagee, respectively, of the Hillvale Apartments project in the City of St. Louis (the private defendants), to terminate federal mortgage insurance for the project. Plaintiffs assert that the private defendants’ agreement to terminate federal insurance and the United States Department of Housing and Urban Development’s (HUD) acceptance of the termination of insurance, and its resultant termination of regulatory control…