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Home / Opinion Digests / Business Law / Lender Wins on Broker Indemnity (access required)

Lender Wins on Broker Indemnity (access required)

A Richmond U.S. District Court magistrate judge grants summary judgment to plaintiff mortgage company against defendant broker on a claim defendant broker breached a provision of the parties’ Mortgage Broker Agreement that required defendant to indemnify plaintiff. SunTrust alleges it sold the loans at issue in this case to Fannie Mae and assumed indemnification and repurchase ...

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