Foremost Guaranty Corp. v. Community Savings & Loan, Inc.
Court of Appeals for the Fourth Circuit
1Opinion of the Court
MAXWELL, District Judge.
Foremost Guaranty Corporation (Foremost) and United Guaranty Residential Insurance Company (UGI), two mortgage insurance companies, have filed civil actions each seeking Declaratory Judgment enabling the rescission of certain mortgage guaranty insurance policies and commitments which they had issued to EPIC Mortgage, Inc. (EMI), a subsidiary of Community Savings and Loan, Inc. (Community).
The Maryland Deposit Insurance Fund Corporation (MDIF), as receiver of Community, moved the district court to dismiss these civil actions on Eleventh Amendment grounds. The district…
2Cases cited17 opinions
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- Edelman v. JordanSupreme Court of the United States · 1974
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