Texas Capital Bank Files Several Motions Against DOJ, Ginnie Mae
Texas Capital Bank opposed the DOJ's motion to halt Ginnie Mae case discovery and the defendant's motion to dismiss.
Texas Capital Bank opposed the DOJ's motion to halt Ginnie Mae case discovery and the defendant's motion to dismiss.
Reverse mortgages provide a lifeline to older borrowers.
Decision OK'd after one-day delay for reverse mortgage lender to provide additional funding information.
Lack of funds, plan to cease loan servicing among issues cited.
Reverse mortgage lender & servicer also faces lawsuit over November layoffs.
Company filed for Chapter 11 bankruptcy last week.
Payments to reverse mortgage borrowers to resume.
Filing for protection from creditors comes just a day after company laid off 400 employees.