RMIT News

Reverse Mortgage Investment Trust, a REIT formed to originate, service and invest in reverse mortgage loans, withdrew its plans for an initial public offering on Wednesday. It originally filed in December 2014 with a proposed deal size of $100 million. The Bloomfield, NJ-based company was founded in 2012 and booked $19 million in revenue for the 12 months ended June 30, 2015....read more

Reverse Mortgage Investment Trust, a REIT recently formed to originate, service and invest in reverse mortgage loans, filed on Friday with the SEC to raise up to $100 million in an initial public offering. The Bloomfield, NJ-based company, which was founded in 2013 and booked $4 million in sales for the 12 months ended September 30, 2014, plans to list on the NYSE under the...read more