Thursday, 28 July 2016

CIT Profit Plunges on Reverse-Mortgage Problems

Quarterly profit at CIT Group plunged after the in Livingston, N.J., company recorded $167 million in charges tied to its discontinued reverse-mortgage servicing unit.

source http://www.americanbanker.com/news/national-regional/cit-profit-plunges-on-reverse-mortgage-problems-1090453-1.html

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