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GIBRALTAR SAV., F.A. v. FIRST MORTG. CORP.

Civ. A. No. 90-392-A.

825 F.Supp. 746 (1993)

GIBRALTAR SAVINGS, F.A. in Conservatorship with the Resolution Trust Corporation v. FIRST MORTGAGE CORPORATION, et al.

United States District Court, M.D. Louisiana.

May 6, 1993.

Attorney(s) appearing for the Case

S. Layne Lee, Kantrow, Spaht, Weaver & Blitzer, Baton Rouge, LA, for the Resolution Trust Corp., in its Capacity as Receiver for Gibraltar Savings, F.A.

John O. Shirley, Sr., Roedel, Parsons, Forrester, Hill & Koch, Baton Rouge, LA, for First Mortg. Corp. and Premier Bancorp.

Susan F. Clade, Christopher M. Guidroz, Susan Beth Kohn, Simon, Peragine, Smith & Redfearn, New Orleans, LA, for Verex Assurance, Inc.

FINDINGS OF FACT AND CONCLUSIONS OF LAW

JOHN V. PARKER, Chief Judge.

This matter was tried before the court on February 8, 1993. Having carefully considered the evidence and argument of counsel, the court now renders it findings of fact and conclusions of law in accordance with Fed. Rule Civ.P. 52(a).

Findings of Fact

1. In the early 1980's, defendant, First Mortgage Corporation, was engaged in the business of originating, selling and servicing...

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