News

Turning your home equity into cash can help pay bills and preserve other savings and investments. But they’re complicated, and not for everyone. 

https://www.nytimes.com/2022/04/01/business/retirement-reverse-mortgages-home-equity.html

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Reverse Mortgage Funding, LLC (RMF) is aiming to grow the reverse mortgage marketplace by taking a new, simplified approach to the borrower qualification process. This is according to a presentation made by the company during the National Reverse Mortgage Lenders Association (NRMLA) Virtual Summer Meeting this month, as well as direct conversations with company personnel about the change. Read the full article on Reverse Mortgage Daily.

 

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Reverse Mortgage Investment Trust (RMIT), the parent company of Reverse Mortgage Funding LLC (RMF), today announced its final approval to operate in the state of Hawaii. With approval to operate in Hawaii, RMF is now serving customers in all 50 states.

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The aging population has put tools like reverse mortgages in high demand. It’s also straining community services like Meals on Wheels. RMF is proud to help. As a donor to the Meals on Wheels Momentum Circle, RMF helps support the infrastructure, innovative research, programming and critical resources necessary to support the Meals on Wheels network.

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Reverse Mortgage Investment Trust (RMIT), the parent company of leading reverse mortgage lender Reverse Mortgage Funding, LLC (RMF) has announced the successful completion of its acquisition by an affiliate of Starwood Capital Group, a global private investment firm which is focused on real estate investments and which maintains more than $60 billion of assets under management. Read the full story on Reverse Mortgage Daily. 

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