Judge rules in favor of Ginnie Mae in lawsuit brought by Texas Capital Bank
Housing Wire
APRIL 3, 2025
The suit was filed by Texas Capital Bank (TCB) against Ginnie Mae in late 2023. The bank alleged that Ginnie Mae had extinguished, in return for no consideration, TCBs first priority lien on tens of millions of dollars in collateral stemming from the [FHA]-sponsored [ HECM ] program. District Court for the Northern District of Texas.
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