Federal Home Loan Mortg. Corp. v. Santa Paula Sav. & Loan

92 F.3d 1192 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. The FEDERAL HOME LOAN MORTGAGE CORPORATION; Plaintiff-Appellant, v. SANTA PAULA SAVINGS & LOAN ASSOCIATION, et. al., Defendants, and Sears Savings Bank, f/k/a Security Savings and Loan Association; Robert O. Potter, an individual; PFG Mortgage, Inc.; Alan Fields, an individual; Joseph Dailey, an individual; Lorraine Dailey, an individual; and Steven Hughes, an individual, Defendants-Appellees. No. 94-56075. United States Court of Appeals, Ninth Circuit. Submitted June 4, 1996. * Decided July 31, 1996. 1 Before: BRUNETTI and RYMER, Circuit Judges, and TANNER, ** District Judge. 2 MEMORANDUM *** OVERVIEW 3 The District Court granted Sears, Fields, and Daleys' motion to dismiss under Fed.R.Civ.P. 12(b)(6) for failure to state a claim, in Freddie Mac's action against Potter, Hughes and PFG Mortgage for selling Freddie Mac $5 million in fraudulent home loans. Federal Home Loan Mortgage Co. (Freddie Mac) appeals.…