Warehouse lender Texas Capital Bank claims it lost money after Ginnie Mae extinguished its interest in liens associated with the now-defunct Reverse Mortgage Funding.
The Supreme Court heard oral arguments this week in a case challenging the constitutionality of the CFPB’s funding structure. Analysts say the bureau has a good chance of prevailing.
The Supreme Court will hear oral arguments next week in a case that could decide the fate of the CFPB; CFPB tracking lending trends from 2022 HMDA data; FHFA looks to expand activity involving mortgages with shared-equity features.
The founder of the shuttered non-QM lender Sprout Mortgage has shifted to personally brokering loans. Also, a class-action lawsuit against Sprout was complicated by a bankruptcy filing.
A jury in the U.S. District Court for the District of Columbia this week handed GSE shareholders their first major win in their effort to recover some of their investment in Freddie and Fannie stocks.