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RMF-backed proprietary securitization undergoing further review

A securitization of private reverse mortgages originated by Reverse Mortgage Funding (RMF) will require additional review due to the lender’s 2022 bankruptcy, according to a statement on the securitization issued by credit rating agency KBRA.

“RMF Proprietary Issuance Trust 2019-1 (RPIT 2019-1),” which saw ratings assigned by DBRS Morningstar in mid-2020, has a key indenture deadline approaching that requires the additional review. The securitization features loans originated by RMF, which declared bankruptcy in late 2022.

“The terms of the indenture stipulate that the issuer provide a notice of its intent to either exercise details ⇒

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