Bankruptcy Court Judge OKs Up To $124.5M In Financing For RMIT
Reverse mortgage lender & servicer also faces lawsuit over November layoffs.
Reverse mortgage lender & servicer also faces lawsuit over November layoffs.
Company filed for Chapter 11 bankruptcy last week.
Payments to reverse mortgage borrowers to resume.
Filing for protection from creditors comes just a day after company laid off 400 employees.
Lender cut 80% of staff a week after pausing mortgage originations.
Lender tells partners it won't fund loans that haven't already closed.