Texas Capital Bank enlists reverse mortgage expert’s opinion in Ginnie Mae lawsuit

In its ongoing lawsuit against Ginnie Mae over $28 million in collateral from loans tied to a bankrupt reverse mortgage lender, Texas Capital Bank (TCB) recently submitted what it called an “expert report” from a former reverse mortgage industry executive, who offered his thoughts on Home Equity Con

CFPB nominee McKernan commits to protecting older Americans from financial abuse

In a Senate Banking Committee hearing on Thursday to assess the nominations of four people poised to take on leadership roles in the Trump administration, most of the questions that senators raised were focused on one person.Jonathan McKernan, who is President Donald Trump’s nominee to succeed Rohit

Rocket Mortgage’s origination volume rises to $27.8B in Q4

Rocket Companies, the parent of Rocket Mortgage, on Thursday released its latest earnings report in which it recorded net revenue of $1.8 billion and GAAP net income of $649 million in the fourth quarter of 2024.For the whole year, the company posted net revenue of $5.1 billion and GAAP net income o