Reverse

Inland Mortgage Capital LLC has appointed Marcus Perry Senior Vice President of Loan Origination for the Eastern Region
CIT Group Inc. is exiting the reverse mortgage market by selling its Financial Freedom unit and reverse mortgage portfolio to an undisclosed buyer.   Financial Freedom became part of CIT Group when the latter acquired OneWest Bank in August 2015. The deal covers Financial Freedom’s mortgage... Keep Reading....
Greystone has announced that Scott Kavel has joined the firm’s senior housing group as managing director. Based in Atlanta, the senior housing group seeks to arrange debt and equity for borrowers across the United States, working with agency partners such as Fannie Mae and FHA, along with offering... more
She was already in her late 90s, a renowned and beloved philanthropist, bearing a name that symbolizes wealth and status. Her son was already a senior citizen, when he schemed to rob her of her independence, her wealth, her properties, and her dignity. She was suffering from Alzheimer's disease,... more
The National Reverse Mortgage Lenders Association (NRMLA) has announced the lineup of speakers for its “Reverse Mortgage Roundup,” the association's 2012 Annual Meeting & Expo, to be held Oct. 15 -17 in San Antonio, Texas. Acting FHA Commissioner Carol Galante will deliver the keynote address,... more
Walter Investment Management Corporation has entered into a definitive agreement to purchase Reverse Mortgage Solutions Inc. (RMS) in a transaction valued at $120 million. Consideration in the transaction consists of $60 million of cash, $25 million of WAC stock and a $35 million seller MSR note.... more