CIT Completes Closure of Residential Mortgage Ops

CIT Group Inc. said today that it has closed its home lending business, after saying July 18 that it intended to abandon residential mortgage lending. The closure will result in a $35 million charge, the company said in a press statement. The complete (yet brief) statement can be found here.

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The importance of housing as a social driver of health cannot be overstated. My experience as a pediatrician at WakeMed has shown me firsthand how critical stable, quality housing is to the health and well-being of children and their families.

3d rendering of a row of luxury townhouses along a street

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