Texas Supreme Court
Joe R. Stringer, Desiree H. Stringer, Appellants v. Cendant Mortgage Corporation, D/b/a Phh Mortgage Services…
August 24, 200023 S.W.3d 353
Summary
The Texas Supreme Court answered a certified question from the Fifth Circuit, holding that under the Texas Constitution a home‑equity lender may require a borrower to use loan proceeds to pay third‑party debt that is not secured by the homestead.