"November 15, 2024" Archives

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A closer look at investor attitudes and trends in reverse mortgage stocks

With several top 10 reverse mortgage lenders now active in some form within the U.S. stock market, companies like Finance of America (FOA) and Ellington Financial — the parent of reverse lender Longbridge Financial — have recently released their third-quarter 2024 earnings results. In the case of FOA — the current industry leader — the…

Court denies eXp’s motion to stay Gibson suit despite settlement

Despite negotiating a settlement agreement, eXp World Holdings’ commission lawsuit challenges persist. On Thursday, Judge Stephen R. Bough, who is overseeing the Gibson suit, denied eXp’s motion to stay the case pending approval of the settlement the firm negotiated with the Hooper commission lawsuit (formerly Phillips) plaintiffs in Georgia. In his ruling, Bough describes a stay as…

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