Federal Deposit Insurance Corporation v. US Mortgage Corporation

CourtDistrict Court, E.D. New York
DecidedJune 2, 2025
Docket2:13-cv-00517
StatusUnknown

This text of Federal Deposit Insurance Corporation v. US Mortgage Corporation (Federal Deposit Insurance Corporation v. US Mortgage Corporation) is published on Counsel Stack Legal Research, covering District Court, E.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Federal Deposit Insurance Corporation v. US Mortgage Corporation, (E.D.N.Y. 2025).

Opinion

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK ------------------------------------x

FEDERAL DEPOSIT INSURANCE CORPORATION, in its capacity as Receiver of AmTrust Bank MEMORANDUM & ORDER 13-cv-517(EK)(AYS) Plaintiff,

-against-

US MORTGAGE CORPORATION,

Defendant.

------------------------------------x

US MORTGAGE CORPORATION

Third Party Plaintiff,

LAWRENCE CONDE, MARIAN CAMPA AND MICHAEL CONDE,

Third Party Defendants.

------------------------------------x ERIC KOMITEE, United States District Judge:

After the Federal Deposit Insurance Corporation (“FDIC”) sued US Mortgage Corporation (“USMC”), USMC commenced a third-party action against three individuals: Lawrence Conde, Marian Campa (also known as Marian Conde), and Michael Conde. Eventually, USMC moved for default against Michael.1 The Court referred that motion — and several related letters — to Judge Shields for a Report and Recommendation (“R&R”). Judge Shields

recommends denying default judgment against Michael. ECF No. 168. Marian Campa and USMC both filed timely objections. See USMC Obj. to R&R, ECF No. 173; Campa Obj. to R&R, ECF No. 174. This Court agrees with Judge Shields’ conclusion that default is not warranted, and adopts her R&R in full. Background This order incorporates Judge Shields’ thorough description of the lengthy factual and procedural background of this case. See R&R at 2—23. In brief, FDIC commenced an action against USMC for a mortgage loan package that USMC originated and delivered to the FDIC. It claimed the mortgage was a sham transaction.

According to FDIC, Lawrence Conde borrowed money from USMC to purchase Marian and Michael’s home at an inflated price, with no intention of ever living there. This generated proceeds that Micheal and Marian allegedly used to discharge their bankruptcy

1 Because there are multiple individuals with the last name Conde in this case, the Court refers to Michael Conde as Michael. As Judge Shields notes, ordinarily Rule 55 requires the Clerk’s office to enter the defaulting party’s default on the record before the opposing party can move for default judgment. R&R at 24. The record is not clear whether the Clerk’s office ever noted such a default before USMC moved for a default judgment. debts but allowed them to continue living in the home. Lawrence Conde meanwhile never intended to repay the USMC loan. After FDIC sued USMC, USMC sued Lawrence, Michael, and Marian, seeking

to recoup any monies that USMC might be determined to owe the FDIC. FDIC and USMC have since settled with each other and Lawrence Conde has passed away.2 The remaining parties are USMC, Michael Conde, and Marian Campa. Michael was historically represented by Attorney DeMaio. Throughout this lengthy litigation, either DeMaio, Michael, or both, have failed to attend numerous motion, status, and settlement conferences. USMC moved for a default judgment against Michael several times, most recently in July 2022. ECF No. 157. Magistrate Judge Shields initially granted this motion, which I later construed as a report and recommendation. Aug. 26, 2022

Docket Order. After the parties submitted objections, I noted that there had been no briefing on the propriety of default under Rule 55, and referred the outstanding objections and motion back to Judge Shields. Oct. 24, 2023 Docket Order.

2 As Judge Shields explained, USMC failed to properly substitute Lawrence’s estate and the time to do so has now elapsed. R&R at 19, 29-30. No party objects to this conclusion. The case against Lawrence Conde is therefore dismissed. See Fed. R. Civ. P. 25(a)(1) (if substitution “is not made within 90 days after service of a statement noting the death, the action by or against the decedent must be dismissed”). Judge Shields submitted a revised R&R on October 30, 2023 and both USMC and Campa objected. See ECF Nos. 168, 173, 174. Legal Standard

A district court “may accept, reject, or modify, in whole or in part, the findings or recommendations made by the magistrate judge.” 28 U.S.C. § 636(b)(1)(c). The district court reviews de novo those portions of an R&R to which a party has specifically objected. Id.; Fed. R. Civ. P. 72(b)(3); see also Kruger v. Virgin Atl. Airways, Ltd., 976 F. Supp. 2d 290, 296 (E.D.N.Y. 2013), aff’d, 578 F. App’x 51 (2d Cir. 2014) (“A proper objection is one that identifies the specific portions of the R&R that the objector asserts are erroneous and provides a basis for this assertion.”).3 Where “no timely objection has been made, a district court need only satisfy itself that there is no clear error on the face of the record.” State Farm Mut. Auto. Ins. Co. v. Grafman, 968 F. Supp. 2d 480, 481 (E.D.N.Y.

2013). Judge Shields analyzed two potential grounds for USMC’s motion for default: Rule 37 and Rule 55. Rule 37 concerns discovery sanctions, which may include default entering against the non-complaint party. Guggenheim Capital, LLC v.

3 Unless otherwise noted, when quoting judicial decisions this order accepts all alterations and omits all citations, footnotes, and internal quotation marks. Birnbaum, 772 F.3d 444, 450-51 (2d Cir. 2013). Under Rule 37, the Court considers “(1) the willfulness of the non-compliant party; (2) the efficacy of lesser sanctions; (3) the duration of

the noncompliance; and (4) whether the non-compliant party had been warned” that noncompliance would be sanctioned.” Id. at 451. Rule 55 concerns default when a party has “failed to plead or otherwise defend the case at hand.” Id. at 454. The Second Circuit has “embraced a broad understanding of the phrase otherwise defend.” Id.; see also City of New York v. Mickalis Pawn Shop, LLC, 645 F.3d 114, 129-30 (2d Cir. 2011) (collecting cases). Under Rule 55, the court must “weigh (1) the willfulness of default, (2) the existence of any meritorious defenses, and (3) prejudice to the non-defaulting party.” Guggenheim, 722 F.3d at 455.4

The willfulness of Michael’s conduct is relevant under both rules, and Judge Shields considered it before denying USMC’s motion for default. “A default is willful when the conduct is more than merely negligent or careless, but is

4 As Judge Chen has observed, despite the fact district courts regularly apply these factors, it is not clear “that the Second Circuit, in fact, requires the application of these factors in deciding whether to grant a default judgment motion in the first instance, as opposed to deciding whether to vacate, or grant the appeal of, a default judgment after the fact.” Thomas, 2019 WL 121678, at *4 n.5. Here, however, no party has argued that Magistrate Judge Shields relied on the wrong legal standard and the Court will not sua sponte reach that issue. instead egregious and not satisfactorily explained.” Jaramillo v. Vega, 675 F. App'x 76, 76 (2d Cir. 2017). “When a defendant is continually and entirely unresponsive, a defendant's failure to respond is considered willful.” United States v. Thomas, No.

18-CV-1104P, 2019 WL 121678, at *3 (E.D.N.Y. Jan. 7, 2019). Therefore, “where a party is notified that he is in default and he apparently makes no effort to appear pro se or to explain his situation to the court, such neglect is inexcusable.” Arista Records, Inc. v. Musemeci, No.

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Related

City of New York v. Mickalis Pawn Shop, LLC
645 F.3d 114 (Second Circuit, 2011)
Kruger v. Virgin Atlantic Airways Ltd.
578 F. App'x 51 (Second Circuit, 2014)
Jaramillo v. Vega
675 F. App'x 76 (Second Circuit, 2017)
State Farm Mutual Automobile Insurance v. Grafman
968 F. Supp. 2d 480 (E.D. New York, 2013)
Kruger v. Virgin Atlantic Airways, Ltd.
976 F. Supp. 2d 290 (E.D. New York, 2013)

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Federal Deposit Insurance Corporation v. US Mortgage Corporation, Counsel Stack Legal Research, https://law.counselstack.com/opinion/federal-deposit-insurance-corporation-v-us-mortgage-corporation-nyed-2025.