RMF: Longbridge scoops up big MSR portfolio from RMF bankruptcy

Top-three reverse mortgage industry lender and servicer Longbridge Financial has acquired a substantial portfolio of reverse mortgage servicing rights (MSRs) from bankrupt industry lender Reverse Mortgage Funding. This is according to court documents reviewed by RMD and a statement from Longbridge. According to the court order issued in the U.S. Bankruptcy Court for the District [...]