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Tagged: Bankruptcy

FGMC Layoff Lawsuit Granted Class Action Status
A Delaware bankruptcy court judge certified the class, which includes 425 former employees.
Jan 17, 2023
Bankruptcy Court Judge OKs Up To $124.5M In Financing For RMIT
Reverse mortgage lender & servicer also faces lawsuit over November layoffs.
Dec 09, 2022
Dec 06, 2022

RMF: Payments Going Out In The Next 24 Hours
Company filed for Chapter 11 bankruptcy last week.
Dec 06, 2022
Bankruptcy Court Approves RMF Requests
Payments to reverse mortgage borrowers to resume.
Dec 05, 2022
Reverse Mortgage Funding Files Chapter 11 Bankruptcy
Filing for protection from creditors comes just a day after company laid off 400 employees.
Nov 30, 2022
Fannie Mae: FGMC Taking 'License' With Asset Sale
GSE says defunct mortgage lender trying to sell servicer/seller license that doesn't exist.