In an effort to simplify its operations and become a regional commercial bank, CIT Group Inc., announced it will be selling Financial Freedom and its reverse mortgage portfolio to an unnamed buyer.
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Is Something Amiss in the Reverse Mortgage Industry?
Why has an advocacy group asked HUD to impose a moratorium on reverse mortgage foreclosures?
Read More »Fed, OCC Announce Public Meeting for Proposed M&A Transaction
The Federal Reserve Board of Governors and the Office of the Comptroller of the Currency have announced a public meeting for Thursday, February 26, to discuss a proposed merger and acquisitions transaction between two financial holding companies that have experienced their share of financial troubles.
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