Judge rules in favor of Ginnie Mae in lawsuit brought by Texas Capital Bank
The case brought by TCB against Ginnie Mae has been ended via summary judgment in favor of the government. The bank has vowed to appeal.
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Texas Capital Bank enlists reverse mortgage expert’s opinion in Ginnie Mae lawsuit
The bank enlisted a former FOA executive to offer an expert report, but the judge says he needs to know the government’s perspective on it before moving ahead.
Texas Capital Bank opposes summary judgment motion in Ginnie Mae suit
TCB says that granting the government a summary judgment in its lawsuit against Ginnie Mae would be based on on an “incorrect” idea.
With Ginnie Mae under fire, concern about market disruption is growing
Ginnie Mae is a target of DOGE, but housing companies are pushing back according to reporting from Bloomberg.
HMBS 2.0 rollout could be hobbled by reported Ginnie Mae staff cuts
A former official said that layoffs at Ginnie Mae could delay or table certain programs like HMBS 2.0, but a source familiar with HUD’s plans disputed any “drastic staffing cuts.”
Could government funding scrutiny come for reverse mortgage programs?
Reverse mortgage programs have performed well recently, according to HUD reports, but the Trump administration is bringing added scrutiny.
What awaits new HUD Secretary Scott Turner?
What awaits the new HUD Secretary, Scott Turner, President Trump’s former White House Opportunity Zone czar and NFL star?
Judge grants delay in TCB suit against Ginnie Mae as government seeks summary judgment
The government seeks summary judgment, saying that a prior ruling from the presiding judge is ‘fatal’ to TCB’s remaining claims.
What will happen to HMBS 2.0 under Trump’s regulatory freeze?
HMBS 2.0 could make a big difference for reverse mortgage securities issuers, but a lack of concrete information leaves an implementation timeline unclear.
Ginnie Mae annual report touts HMBS 2.0 work as commitment to reverse mortgage space
In its year-end financial report, Ginnie Mae said its work on HMBS 2.0 demonstrates its commitment to the reverse mortgage industry.