Ellington Financial Archives

In Q1 earnings, Longbridge parent expects reverse mortgage market to improve

Ellington Financial, the parent company of top-five reverse mortgage lender and servicer Longbridge Financial, reported that its reverse mortgage segment’s adjusted distributable earnings were lower in the first quarter of 2024 than they were in the previous quarter. Projections of loan originations and submissions, however, are tracking higher thus far in the second quarter and [...]read more

Longbridge parent completes proprietary reverse mortgage securitization

March 27, 2024 mpsingh No Comments Real estate completes, Ellington Financial, Longbridge, Longbridge Financial, Mortgage, Parent, proprietary, Reverse, securitization

Ellington Financial, the parent company of reverse mortgage industry lender and servicer Longbridge Financial, announced the successful closing of a new securitization backed by a pool of proprietary reverse mortgages initially originated by Longbridge. The securitization was valued at $208 million and Longbridge will continue to act as the servicer of the underlying assets, according [...]read moreLongbridge parent completes proprietary reverse mortgage securitization