Legal Opinion
Affordable Communities of MO v. Federal Nat'l Mortgage Assoc.
Court of Appeals for the Eighth Circuit
Decided February 24, 2016No. 15-1566PublishedCited by 3 opinions
1Opinion of the Court
MURPHY, Circuit Judge.
Affordable Communities of Missouri (Affordable) alleges that Federal National Mortgage Association (Fannie Mae) breached its contract by penalizing Affordable for prepaying its loan after it was forced to sell its Jefferson Arms Apartments (Jefferson Arms) property to avoid condemnation. The district court 1 held a bench trial and found that Fannie Mae was not liable because Affordable had not sold the Jefferson Arms property to avoid condemnation. The court alternatively concluded that Affordable’s claim failed because it had voluntarily paid Fannie Mae. Affordable…
2Cases cited9 opinions
- Anderson v. City of Bessemer CitySupreme Court of the United States · 1985
- In Re Gregory A. Lemaire, Debtor. Paul Handeen v. Gregory A. LemaireCourt of Appeals for the Eighth Circuit · 1990
- Huch v. Charter Communications, Inc.Supreme Court of Missouri · 2009
- Tilak Raj Sawheny, Also Known as Roger Sawheny v. Pioneer Hi-Bred International, Inc., an Iowa CorporationCourt of Appeals for the Eighth Circuit · 1996
- Affordable Communities of Missouri v. Federal National Mortgage Ass'nCourt of Appeals for the Eighth Circuit · 2013
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3Cited by3 opinions
- Anthony Vines v. Welspun Pipes Inc.Court of Appeals for the Eighth Circuit · 2021
- Qwest Communications Corp. v. Free Conferencing Corp.Court of Appeals for the Eighth Circuit · 2016
- Qwest Communications Corp. v. Free Conferencing Corp.Court of Appeals for the Eighth Circuit · 2016