Texas Capital Bank says the federal agency overreached as arguments centered on statutory limits and accusations of a sudden “bait and switch” reversal.
(CN) — Lawyers for Texas Capital Bank and the federal government clashed Thursday morning before a Fifth Circuit panel over whether the Government National Mortgage Association known as Ginnie Mae lawfully wiped out the bank’s $28 million security lien in a portfolio of reverse mortgages during a 2022 bankruptcy crisis.
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