Reverse Mortgage Investment Trust Inc

General Information
Business:

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 originating, acquiring, servicing, investing in, and managing HECM loans, which are reverse mortgage loans that are insured by 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 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. Although the ultimate payment of principal and interest of these securities is not guaranteed by an Agency the underlying loans are insured by the FHA.

Industry: REAL ESTATE INVESTMENT TRUSTS
Employees: 234
Founded: 2013
Contact Information
Address 1455 Broad Street, Floor 2, Bloomfield, NJ 07003, US
Phone Number 973-542-7170
Web Address http://www.reversefunding.com
View Prospectus: Reverse Mortgage Investment Trust Inc
Financial Information
Market Cap
Revenues $30.2 mil (last 12 months)
Net Income $28.2 mil (last 12 months)
IPO Profile
Symbol RMIT
Exchange NYSE
Shares (millions): 0.0
Price range $0.00 - $0.00
Est. $ Volume $100.0 mil
Manager / Joint Managers Credit Suisse/ Barclays/ FBR/ UBS Investment Bank/ Nomura/ Wells Fargo Securities
CO-Managers JMP Securities/ Brean Capital
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change