United States Fifth Circuit

Bankruptcy court correctly decided that Fannie Mae was entitled to a claim on the bankruptcy estate despite the fact that Fannie Mae had already unilaterally terminated its contract with the debtor. The loan repurchase obligations triggered by debtor's breach of warranty survived the termination of the contract itself.

Appellate Information

• Decided 12/17/2003
• Published 12/17/2003

Judges

• JERRY E. SMITH, Circuit Judge:, Before JOLLY, SMITH and EMILIO M. GARZA, Circuit Judges.

Court

• United States Fifth Circuit

Counsel

• For Appellant:
  
• Gary C. Miller (argued), D. Michael Dalton, Elizabeth Ann Wiley, Andrews & Kurth, Richard P. Keeton (argued), Nickens, Keeton, Lawless, Farrell & Flack, Houston, TX, for Appellant., Jeffrey Scott Levinger (argued), Carrington, Coleman, Sloman & Blumenthal, Dallas, TX, for Federal. Nat. Mortg. Ass'n and Home Securitization Trust 1., Wayne W. Bost, Winstead, Sechrest & Minick, Austin, TX, for United States Bank.