General World News

Government requests more time in Ginnie Mae/TCB lawsuit

Lawyers for the U.S. government have requested an extension of deadlines related to discovery in the case brought by Texas Capital Bank (TCB) against Ginnie Mae over the extinguishment of a priority lien tied to the loan portfolio collateral of Reverse Mortgage Funding (RMF), according to court documents reviewed by HousingWire’s Reverse Mortgage Daily (RMD).

The original deadline of June 13 to provide discovery information related to the case cannot be met due to several factors cited by the government. These include concerns over trade secrets, an ongoing inquiry into Ginnie Mae’s handling of RMF by the details ⇒

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