Reverse Mortgage Investment Trust Inc.

  1. March 12, 2024

    Judge OKs Ch. 7 Liquidation For Reverse Mortgage Co.

    A Delaware bankruptcy judge Tuesday converted Reverse Mortgage Investment Trust Inc.'s Chapter 11 case to a Chapter 7 liquidation, saying the debtor's plan administrator's request for conversion has "good and sufficient cause" under the Bankruptcy Code.

  2. January 16, 2024

    Reverse Mortgage Co. Seeks Ch. 7 After Money Runs Out

    Reverse Mortgage Investment Trust Inc.'s plan administrator has said bankruptcy proceedings have failed due to a prolonged and unresolved dispute with lenders, filing a motion in Delaware court calling for a conversion into Chapter 7 to sell off what few assets remain.

  3. November 08, 2023

    Texas Capital Awarded DIP Funds From Reverse Mortgage Co.

    A Delaware bankruptcy judge signed off on Texas Capital Bank taking home some of the $28.6 million it gave to Reverse Mortgage Investment Trust as a debtor-in-possession loan after the latter filed for bankruptcy.

  4. October 20, 2023

    Lenders Dispute Payout On Reverse Mortgage Receivables

    Ahead of a Tuesday hearing, Leadenhall Capital Partners LLP objected to a move from Texas Capital Bank to recover a portion of the $28.6 million it loaned Reverse Mortgage Investment Trust after the company filed for bankruptcy, telling a Delaware federal court that it is first in line for such payments.

  5. April 28, 2023

    Reverse Mortgage Del. Ch. 11 Plan Confirmed On 2nd Try

    A one-day confirmation delay did the trick Friday for bankrupt Reverse Mortgage Investment Trust, allowing the lending company to supplement its Chapter 11 disclosures and secure a Delaware judge's approval for a complex, multibillion-dollar business wind-down.

  6. April 27, 2023

    Reverse Mortgage Trust's Ch. 11 Plan Ruling Delayed

    Warning of potential roadblocks to confirmation of bankrupt Reverse Mortgage Investment Trust Inc.'s Chapter 11 plan, a Delaware judge on Thursday continued its approval hearing until Friday morning, pending clear assurances of plan feasibility or no risk of further reorganization needs.

  7. April 21, 2023

    US Trustee Blasts Releases In Reverse Mortgage Ch. 11

    The U.S. Trustee's Office has asked a Delaware bankruptcy judge to reject the Chapter 11 plan proposed by Reverse Mortgage Investment Trust Inc., saying it could strip legal claims from parties who may not know the plan exists.

  8. February 22, 2023

    Reverse Mortgage Trust Gets OK For $15M DIP Settlement

    Reverse Mortgage Investment Trust Inc. secured $15 million in bankruptcy financing to wind down its estate under a global settlement that a Delaware bankruptcy judge approved Wednesday after the reverse mortgage servicer resolved stringent objections from a lender.

  9. February 15, 2023

    Reverse Mortgage Servicer Still Fighting Over DIP

    Reverse Mortgage Investment Trust Inc. said Wednesday that it had struck a deal with unsecured creditors and its parent sponsor for an additional $15 million for its Chapter 11, but it remains in dispute with its lender Leadenhall Capital Partners, which objects to the terms of the deal.

  10. December 08, 2022

    Bankrupt Reverse Mortgage Servicer Gets $34.5M Loan

    Reverse Mortgage Investment Trust Inc. secured bankruptcy court approval Thursday for an immediate $34.5 million to keep payments flowing to consumers while it restructures in Chapter 11, the debtor's second interim loan from what could eventually be as much as $124.5 million in bankruptcy financing.