{"id":1004100526,"date":"2014-07-15T07:31:50","date_gmt":"2014-07-15T15:31:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004100526"},"modified":"2022-12-08T23:06:05","modified_gmt":"2022-12-09T07:06:05","slug":"reverse-mortgage-investment-trust-buys-reverse-mortgage-funding","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\/","title":{"rendered":"Reverse Mortgage Investment Trust Buys Reverse Mortgage Funding"},"content":{"rendered":"

By Barbra Murray, Contributing Editor<\/em><\/p>\n

\"Craig<\/a>

Craig Corn, RMIT & RMF<\/p><\/div>\n

Reverse Mortgage Investment Trust Inc. is now the proud new owner of Reverse Mortgage Funding L.L.C.\u00a0 RMIT, which focuses predominantly on investing in FHA-insured reverse mortgages and government-guaranteed reverse mortgage-backed securities, acquired RMF, an originator and servicer of reverse mortgages, for an undisclosed amount.<\/p>\n

\u201cThe announcement that RMF was acquired by RMIT comes after all\u00a0relevant state and federal regulatory approvals.\u00a0The acquisition of RMF by RMIT was, in fact, agreed to in February in connection with the 144A equity offering,\u201d Craig Corn,\u00a0RMF\u00a0CEO and RMIT chairman & CEO, told Commercial Property Executive<\/i>.<\/p>\n

That private offering resulted in the sale of 5,333,334 shares of RMIT common stock at $15 per share, for a total capital raise of $230 million.<\/p>\n

With the RMF acquisition, RMIT has achieved a strategic goal of creating a two-pronged platform comprised of reverse mortgage banking and portfolio management.<\/p>\n

“The reverse mortgage market is healthy and it will grow alongside the growth of America\u2019s senior\u00a0population,\u201d Corn added. \u201cWe know that seniors want to stay in their homes, and reverse mortgages are powerful retirement planning tools that can help them do that.\u201d<\/p>\n

And there\u2019s more on tap for RMIT in the near future. In May, the REIT confidentially submitted a registration statement with the SEC in connection with a proposed initial public offering of its common stock, which is expected to take place later this year.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Reverse Mortgage Investment Trust Inc. is now the proud new owner of Reverse Mortgage Funding L.L.C. <\/p>\n","protected":false},"author":969,"featured_media":1004100529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004100526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest"],"acf":[],"yoast_head":"\nReverse Mortgage Investment Trust Buys Reverse Mortgage Funding - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reverse Mortgage Investment Trust Buys Reverse Mortgage Funding\" \/>\n<meta property=\"og:description\" content=\"Reverse Mortgage Investment Trust Inc. is now the proud new owner of Reverse Mortgage Funding L.L.C.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-07-15T15:31:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T07:06:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Craig-Corn-CEO-of-RMIT-and-RMF.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"336\" \/>\n\t<meta property=\"og:image:height\" content=\"336\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\\\/\"},\"author\":{\"name\":\"Barbra Murray\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"headline\":\"Reverse Mortgage Investment Trust Buys Reverse Mortgage Funding\",\"datePublished\":\"2014-07-15T15:31:50+00:00\",\"dateModified\":\"2022-12-09T07:06:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\\\/\"},\"wordCount\":257,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/07\\\/Craig-Corn-CEO-of-RMIT-and-RMF.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\\\/\",\"name\":\"Reverse Mortgage Investment Trust Buys Reverse Mortgage Funding - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/07\\\/Craig-Corn-CEO-of-RMIT-and-RMF.jpg\",\"datePublished\":\"2014-07-15T15:31:50+00:00\",\"dateModified\":\"2022-12-09T07:06:05+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/07\\\/Craig-Corn-CEO-of-RMIT-and-RMF.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/07\\\/Craig-Corn-CEO-of-RMIT-and-RMF.jpg\",\"width\":336,\"height\":336},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Reverse Mortgage Investment Trust Buys Reverse Mortgage Funding\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\",\"name\":\"Barbra Murray\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"caption\":\"Barbra Murray\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/barbra-murray\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Reverse Mortgage Investment Trust Buys Reverse Mortgage Funding - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\/","og_locale":"en_US","og_type":"article","og_title":"Reverse Mortgage Investment Trust Buys Reverse Mortgage Funding","og_description":"Reverse Mortgage Investment Trust Inc. is now the proud new owner of Reverse Mortgage Funding L.L.C.","og_url":"https:\/\/www.commercialsearch.com\/news\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2014-07-15T15:31:50+00:00","article_modified_time":"2022-12-09T07:06:05+00:00","og_image":[{"width":336,"height":336,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Craig-Corn-CEO-of-RMIT-and-RMF.jpg","type":"image\/jpeg"}],"author":"Barbra Murray","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\/"},"author":{"name":"Barbra Murray","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"headline":"Reverse Mortgage Investment Trust Buys Reverse Mortgage Funding","datePublished":"2014-07-15T15:31:50+00:00","dateModified":"2022-12-09T07:06:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\/"},"wordCount":257,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Craig-Corn-CEO-of-RMIT-and-RMF.jpg","articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\/","url":"https:\/\/www.commercialsearch.com\/news\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\/","name":"Reverse Mortgage Investment Trust Buys Reverse Mortgage Funding - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Craig-Corn-CEO-of-RMIT-and-RMF.jpg","datePublished":"2014-07-15T15:31:50+00:00","dateModified":"2022-12-09T07:06:05+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Craig-Corn-CEO-of-RMIT-and-RMF.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Craig-Corn-CEO-of-RMIT-and-RMF.jpg","width":336,"height":336},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/reverse-mortgage-investment-trust-buys-reverse-mortgage-funding\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Reverse Mortgage Investment Trust Buys Reverse Mortgage Funding"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32","name":"Barbra Murray","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","caption":"Barbra Murray"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Craig-Corn-CEO-of-RMIT-and-RMF.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004100526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/969"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004100526"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004100526\/revisions"}],"predecessor-version":[{"id":1004614836,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004100526\/revisions\/1004614836"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004100529"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004100526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004100526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004100526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}