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FIRST FEDERAL SAV. BANK v. JEFFERSON SAV. & LOAN

No. CIV-4-85-118.

640 F.Supp. 47 (1986)

FIRST FEDERAL SAVINGS BANK OF TENNESSEE v. JEFFERSON SAVINGS AND LOAN ASSOCIATION.

United States District Court, E.D. Tennessee, Winchester Division.

February 11, 1986.

Attorney(s) appearing for the Case

James H. Henry, II, Tullahoma, Tenn., for plaintiff.

Robert G. McDowell, James A. DeLanis, Nashville, Tenn., for defendant.

MEMORANDUM AND ORDER

HULL, Chief Judge.

This action arises out of the sale of loan participations by a Virginia savings and loan to a Tennessee bank. The Virginia savings and loan, Jefferson, initially purchased the loans from Congressional Mortgage Corporation, where the loans originated. The loans were made on a condominium development project in Dallas, Texas.

The Tennessee bank, First Federal, claims...

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