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Judge sets pretrial deadlines in Texas Capital suit against Ginnie Mae

Housing Wire

With deadlines extending into 2025, it’s possible that government officials currently in leadership positions at Ginnie Mae and the U.S. Department of Housing and Urban Development (HUD) may not be in office should the suit progress to trial sometime next year. The deadline for “all expert and factual discovery” will be March 14, 2025.

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Judge allows bulk of Texas Capital case against Ginnie Mae to proceed

Housing Wire

An action taken that is determined to be “arbitrary and capricious” would translate into “willful and unreasonable action without consideration or regard for the facts and circumstances,” according to Cornell Law School ’s Legal Information Institute. Presiding Judge Matthew Kacsmaryk ruled in the U.S. The judge largely disagreed.

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Ginnie Mae denies majority of complaint in Texas Capital Bank lawsuit

Housing Wire

Department of Housing and Urban Development (HUD) and Ginnie Mae largely deny any allegations made against the company in the original complaint. Attorneys for the U.S. The judge largely disagreed.

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Change Lending keeps CDFI certification after agreement with US Treasury 

Housing Wire

Non-bank originator Change Lending will continue to originate non-qualified mortgages ( non-QMs ) for underserved borrowers after it reached a tentative deal with the U.S. Department of Treasury that would keep the firm certified as a Community Development Financial Institution (CDFI).

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Change Lending and US Treasury settle lawsuit over CDFI certification

Housing Wire

Department of the Treasury have agreed to settle a lawsuit in which the lender claims “flawed analysis and mathematical errors” led to its decertification as a Community Development Financial Institution (CDFI). Change sued the CDFI Fund in late August, complaining about the Fund’s analysis.

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Indiana senator seeks information on HECM stability, calls for ‘congressional scrutiny’

Housing Wire

The Home Equity Conversion Mortgage (HECM) program faces stability and viability challenges stemming from the 2022 collapse of a major industry lender and its extinguishment from the HECM-backed Securities (HMBS) program, which could warrant congressional scrutiny if these challenges are not properly addressed by the U.S. Mike Braun (R-Ind.)

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State Initiatives Aim to Improve Housing Inequities

Will Springer Realtor

These acts were deemed legal by the Supreme Court until 1948 and by Congress until it enacted the Fair Housing Act (Title VIII of the Civil Rights Act of 1968). Tens of thousands of documents with language against protected classes of people still exist in our state even as they no longer hold legal standing.