In a significant ruling, Judge Matthew Kacsmaryk permitted the inclusion of an expert report on reverse mortgage assets, countering government objections. The judge argued that such information is essential for understanding the complexities of the legal questions at hand. He elaborated on the circumstances under which records can be supplemented, emphasizing that input from experts can clarify crucial factors influencing statutory interpretations. The report from Texas Capital Bank highlights the unique nature of unsecuritized loans in contrast to pooled mortgages, thus providing necessary context for the court's understanding of the issues.
Judge Kacsmaryk ruled that Conway's report would help the court understand the reverse mortgage industry's view, despite government attorneys' objections about its appropriateness.
The judge emphasized that supplemental information can assist in clarification when a case's complexity demands further evidence to understand the legal and factual intricacies.
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