Legal Opinion
Ohio Savings Bank v. Progressive Casualty Insurance
Court of Appeals for the Eighth Circuit
Decided April 8, 2008No. 07-1090PublishedCited by 6 opinions
1Opinion of the Court
LOKEN, Chief Judge.
Ohio Savings Bank (“OSB”) purchased eleven first-mortgage loans from the Resten, Virginia, branch of Advantage Investors Mortgage (“AIM”), an originator of home-loan refinancings. The transactions were structured as “table funded” settlements. See 24 C.F.R. § 3500.2(b). OSB wired funds to an escrow account of AIM’s closing agent, First National Title (“FNT”). The borrowers signed notes and mortgages to AIM as lender; AIM assigned the notes and mortgages to OSB; and FNT was obligated to disburse the loan proceeds from its escrow account in the agreed manner, primarily to…
2Cases cited14 opinions
- Nationwide Mutual Fire Insurance v. Guman Bros. FarmOhio Supreme Court · 1995
- National City Bank of Minneapolis v. St. Paul Fire & Marine Insurance Co.Supreme Court of Minnesota · 1989
- Jefferson Bank v. Progressive Casualty Insurance CompanyCourt of Appeals for the Third Circuit · 1992
- First National Bank of Manitowoc, Plaintiff-Appellee/cross-Appellant v. Cincinnati Insurance Company, Defendant-Appellant/cross-AppelleeCourt of Appeals for the First Circuit · 2007
- United States v. HartsteinCourt of Appeals for the Eighth Circuit · 2007
9 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Tatone v. SunTrust Mortgage, Inc.District Court, D. Minnesota · 2012
- Ademiluyi v. Pennymac Mortgage Investment Trust Holdings I, LLCDistrict Court, D. Maryland · 2013
- Danner v. International Freight Systems of Washington, LLCDistrict Court, D. Maryland · 2012
- 3M Co. v. National Union Fire Insurance Co. of PittsburghCourt of Appeals for the Eighth Circuit · 2017
- BancInsure, Inc. v. Highland BankCourt of Appeals for the Eighth Circuit · 2015
1 more not listed; retrieve them via the Exa API.