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DEERMAN v. FEDERAL HOME LOAN MORTG. CORP.

No. CV 96-B-1379-S.

955 F.Supp. 1393 (1997)

James Edward DEERMAN, Patricia L. Deerman, et al., Plaintiffs, v. FEDERAL HOME LOAN MORTGAGE CORPORATION, Defendant.

United States District Court, N.D. Alabama, Southern Division.

January 31, 1997.

Attorney(s) appearing for the Case

W. Lewis Garrison, Jr., Jackson Garrison & Sumrall, P.C., Birmingham, AL, Lawrence Walner, Kristi L. Browne, Martin J. Whittaker, M. Scott Barrett, Lawrence Walner & Associates, Ltd., Chicago, IL, Charles S. Zimmerman, Barry G. Reed, Hart Robinovitch, Zimmerman Reed, Minneapolis, MN, for plaintiffs.

Jere E. White, Jr., Sara Anne Ford, Lightfoot Franklin & White, Birmingham, AL, for defendant.

MEMORANDUM OPINION

BLACKBURN, District Judge.

Plaintiffs, James Edward Deerman and Patricia L. Deerman ("the Deermans") and Francis E. Bauer and Karen A. Bauer ("the Bauers"), filed this putative class action for compensatory, declaratory and injunctive relief1 seeking cancellation of the obligation in their mortgage contracts to pay for private mortgage insurance ("PMI"). Defendant, the Federal Home Loan Mortgage Corporation...

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