Lawsuits

Ginnie Mae had tried to slow the pace of Texas Capital Bank's case and move it to a different court but the judge rejected its legal arguments for doing so.

The lawsuit, which the plaintiff seeks class certification for, involves a transfer, overpayments during a grace period and allegations of improper late fees.

The motion calls upon the judge to rule quickly on an Administrative Procedures Act claim involving a bank's right to reverse mortgage collateral.

The HUD agency contends that the bank's agreements involving certain reverse-mortgage assets call for the closely watched case to be filed there.

Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.

The two major government-related mortgage buyers' clarifications on real estate commissions take a path similar to that of the Federal Housing Administration.

The order in the Cenlar loan modification case highlights what courts may look for in qualified written request responses, something other servicers like Specialized Loan Servicing also are contending with in litigation.

The plaintiffs allege that the loan-mod errors in the case are different from the ones in two other proposed class-action lawsuits, which stem from a systems issue.

At issue is whether convenience fees for last-minute payments are governed by the Federal Debt Collection Practice Act, and if so, when they should be disclosed.

The defendants are seeking more detailed information about what the bureau found as far as the extent of the alleged staff licensing violations.