Judge grants delay in TCB suit against Ginnie Mae as government seeks summary judgment

It’s been a while since there were any substantive updates to the lawsuit playing out between Texas Capital Bank (TCB), the U.S. Department of Housing and Urban Development (HUD) and Ginnie Mae over a dispute involving Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS).A judge has appro

AI usage is becoming the new standard for most brokerages

The use of artificial intelligence (AI) is becoming the new norm for many real estate agents and brokerages. Real estate technology provider Delta Media released a new report that highlights a sharp jump in AI usage from last year.Delta’s annual real estate leadership survey explores insights from b

RMF-backed proprietary securitization undergoing further review

A securitization of private reverse mortgages originated by Reverse Mortgage Funding (RMF) will require additional review due to the lender’s 2022 bankruptcy, according to a statement on the securitization issued by credit rating agency KBRA.“RMF Proprietary Issuance Trust 2019-1 (RPIT 2019-1),” whi