Flagstar Bank, FSB v. Ticor Title Insurance

RULING ON TICOR’S MOTION FOR SUMMARY JUDGMENT [Doc. #52]

JANET BOND ARTERTON, District Judge.

This lawsuit arises from the rejection by Defendant Ticor Title Insurance Company (“Ticor”) of a claim by Plaintiff Flagstar Bank, FSB (“Flagstar”) under a title insurance policy purportedly issued by Ticor and assigned to Flagstar (the “Title Policy”). The Title Policy purported to cover a mortgage loan that Flagstar, a federally-chartered savings bank, purchased during the refinancing boom. Flagstar, believing the mortgage loan to be insured by Ticor, bought the mortgage loan, which subsequently went…