Summary Judgment Denied on Allegations of Fraud, Negligent Misrepresentation

NEW ORLEANS - A lender and real estate broker who sought summary judgment could be liable for fraud or negligent misrepresentation for withholding a report indicating that a home was flood-prone, a federal judge concluded June 10 in denying their motions. Jumonville v. Federal Home Loan Mortgage Corp., et al., No. 04-2295 (E.D. La.).

Federal Home Loan Mortgage Corp. ('Freddie Mac') and Investment Realty Partners (d/b/a Century 21 Investments Realty) are defendants in a lawsuit brought in the U.S. District Court for the Eastern District of Louisiana by Jan P. Jumonville over her April 2003 purchase of a house in …