Reverse mortgage lender & servicer also faces lawsuit over November layoffs.
A federal bankruptcy court judge in Delaware has agreed to allow Reverse Mortgage Investment Trust Inc. (RMIT) to obtain additional financing that could total as much as $124.5 million. Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District of Delaware signed a...
The market may not stay calm for very long, though.
Housing supply is finally starting to tick up as homes linger on the market. The total number of homes for sale increased 15% year-over-year during the four weeks ended Dec, 4, the biggest uptick since at least 2015, according to a new report from Redfin. Buyers and sellers...
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