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Facing a liquidity crunch, Reverse Mortgage Investment Trust (RMIT) filed for bankruptcy on Wednesday, a day after its subsidiary Reverse Mortgage Funding (RMF) slashed 80% of its staff. RMF, one of the nation’s largest reverse mortgage…
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A conforming loan limit higher than $1 million is a cause of concern about the future of the real estate finance system, a statement from the Housing Policy Council said. The Federal Housing Finance Agency raised the single-unit ceiling to…
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Read more: Commercial real estate viability depends on three economic factors For his part, Steele explained what prompted the product’s creation in the first place: “We started the company really with the goal of making data and access to…
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