Poppen v. Residential Mortgage Services, Inc.

Mues, Judge.

INTRODUCTION

Bradley L. Poppen and Laurie L. Poppen sued Residential Mortgage Services, Inc. (RMS), alleging that RMS breached its contract to provide a 7-percent interest rate on the Poppens’ mortgage and, instead, provided said mortgage with an 8-per-cent interest rate. From a judgment against RMS for $18,966, RMS appeals.

FACTUAL BACKGROUND

RMS is a mortgage broker company. It enters into agreements to provide mortgages to prospective borrowers at a specified interest rate, provided a loan closes within a specified time period. It then sells the mortgages to lending institutions.

Br…