First Gibraltar Bank, Fsb, and Beneficial Texas, Inc. v. Dan Morales, Atty. General, as Attorney General for the State of Texas

KING, Circuit Judge:

The district court entered summary judgment in favor of the defendant in this action for declaratory judgment and injunctive relief brought by First Gibraltar Bank, FSB, and Beneficial Texas, Inc. The issue presented for our determination is whether federal statutes and regulations have preempted Texas homestead law to the extent that it prohibits lenders from enforcing liens on home' equity created in reverse annuity mortgages or line of credit conversion mortgages.

I. BACKGROUND

First Gibraltar Bank, FSB (First Gibraltar), is a federally chartered savings bank; Beneficial…