Texas Capital Bank v. Government National Mortgage Association et al

  1. October 21, 2024

    Judge Upholds Ginnie Mae's Authority To Vacate Bank's Lien

    A Texas federal judge ruled that the Government National Mortgage Association didn't overstep its authority when it vacated a bank's lien on a loan worth tens of millions of dollars, rejecting Texas Capital Bank's bid for partial summary judgment.

  2. June 27, 2024

    Texas Bank Moves For Partial Win In Ginnie Mae Loan Suit

    Texas Capital Bank told a federal judge that it's entitled to tens of millions of dollars in collateral on which it has a first-priority lien that it said Ginnie Mae wrongfully diverted to itself, and that the court has already addressed the issue that warrants partial summary judgment in its favor.

  3. June 17, 2024

    Ginnie Mae, HUD Want Bank's Loan Lien Suit Sent To Dallas

    The U.S. Department of Housing and Urban Development and Ginnie Mae pushed for the transfer of Texas Capital Bank's suit in Texas federal court over a vacated loan lien, arguing that the bank is contractually required to file its suit in a different division within the same district.

  4. April 04, 2024

    Ginnie Mae, HUD Must Face Bank's Vacated Lien Suit

    A Texas federal judge trimmed but declined to dismiss Texas Capital Bank's suit against the U.S. Department of Housing and Urban Development and its Government National Mortgage Association program over a vacated loan lien that the bank says was worth tens of millions of dollars.

  5. March 07, 2024

    Ginnie Mae Says Texas Bank Can't Use Oral Promises In Suit

    The Government National Mortgage Association told a Texas federal court Wednesday that even if it made oral promises not to void a Texas Capital Bank's interest in a first-priority lien on a multimillion-dollar emergency loan, those promises don't hold up legally and the case should be dismissed.

  6. January 12, 2024

    Texas Bank Can't Sue Over Lender's Bailout, HUD Says

    The Government National Mortgage Association "repeatedly and unambiguously" disclosed it could extinguish a lender's interests in mortgages and related areas, and the government-owned corporation has argued it shouldn't have to face a Texas-based bank's suit alleging the voiding was improper.

  7. October 04, 2023

    Bank Sues Ginnie Mae, HUD Over Reverse Mortgage Rescue

    A Texas-based bank sued the Government National Mortgage Association and the U.S. Department of Housing and Urban Development on Wednesday, alleging they wrongfully voided the bank's lien on a loan worth tens of millions of dollars.