Reverse Mortgage Investment Trust Withdrawn, NYSE: RMIT

REIT recently formed to originate, service and invest in reverse mortgage loans.

Industry: Financials

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First Day Return:

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Industry: Financials

We are a leading fully integrated finance company solely focused on the reverse mortgage industry. We originate, acquire, service, invest in and manage reverse mortgage loans and securities backed by reverse mortgage loans. We focus primarily on home equity conversion mortgage loans, or HECM loans, which are reverse mortgage loans that are insured by the Federal Housing Administration, or the FHA, and mortgage-backed securities backed by HECM loans. The ultimate payment of principal and interest of mortgage-backed securities backed by HECM loans is guaranteed by the Government National Mortgage Association, or Ginnie Mae, which we refer to herein as Agency HMBS. In addition, we acquire, service, invest in, and manage private label mortgage-backed securities issued outside of the Ginnie Mae HMBS program that are backed by HECM loans.
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IPO News for Reverse Mortgage Investment Trust
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IPO Data
IPO File Date 12/19/2014
Offer Price
Price Range n/a
Offer Shares (mm) n/a
Deal Size ($mm) $100
IPO Data
IPO Date
Offer Price
Price Range n/a
Offer Shares (mm) n/a
Deal Size ($mm) $100
Underwriters
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Company Data
Headquarters Bloomfield, NJ
Founded 2012
Employees 165
Website www.reversefunding.com