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CIT Group Cites Reverse Mortgage ‘Weakness’ for Delayed Financial Report 

Mar 01, 2016By

CIT Group, Inc. (NYSE: CIT), the financial holding company which last year purchased the parent company of now-defunct reverse mortgage lender Financial Freedom, reported a delay in filing its annual financial results for 2015, citing a “material weakness” linked to the company’s acquired reverse mortgage interests. Last August, CIT Group acquired IMB HoldCo, LLC, the […]