In its ongoing lawsuit against Ginnie Mae over $28 million in collateral from loans tied to a bankrupt reverse mortgage lender, Texas Capital Bank (TCB) recently submitted what it called an “expert report” from a former reverse mortgage industry executive, who offered his thoughts on Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS).

TCB said the former executive, Robert Conway, “was intimately involved in the financing and the pooling and securitization of [HECM] assets, mainly in securing financing for HECM assets before details ⇒

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