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131615P.pdf   04/25/2014  Owcen Loan Servicing, LLC  v.  Summit Bank
   U.S. Court of Appeals Case No:  13-1615
   U.S. District Court for the Western District of Arkansas - Hot Springs   
[PUBLISHED] [Loken, Author, with Wollman and Kelly, Circuit Judges] Civil case - Bankruptcy. Where the lender failed to properly record a mortgage and failed to take timely action to protect the seniority of its lien, giving its lien priority over later lenders would not be consistent with the purpose of the doctrine of equitable subrogation, and the district court did not err in denying the lender relief.