Engle v. Federal National Mortgage Ass'n

This action was instituted by the Reconstruction Finance Corporation for judgment against Thomas Jefferson Engle and Martha Jo Engle, and others, on a promissory note executed by the Engles, and for a judgment foreclosing the mortgage given as security for the note. The note and mortgage involved were executed by the Engles in favor of W. R. Johnston & Co., Inc. It was alleged that the named mortgagee executed an assignment of the mortgage and endorsed the note to the Reconstruction Finance Corporation Mortgage Company of whom the plaintiff was the successor in interest by an act of Congress.…