Ellington Financial, the parent company of major reverse mortgage lender and servicer Longbridge Financial, announced this week that it has issued a $243 million proprietary reverse mortgage securitization backed entirely by Longbridge’s “Platinum” product line. The loans will also continue to be serviced by Longbridge, according to the announcement of the securitization. HousingWire’s Reverse Mortgage…
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It’s late December so all the 2025 mortgage rate forecasts have been published. Unfortunately, all of them are already wrong. Most housing market analysts expect mortgage rates to spend the year with a 6 handle. The most optimistic predictions assume 2025 will see mostly low 6s for the 30-year fixed rate mortgage. And yet with…
As 2025 approaches, The Real Brokerage is heading into the new year with more growth-centered momentum. The digital brokerage platform announced another major affiliation this week to strengthen its presence in the luxury market. Real announced this week the affiliation of Urban Nest Realty, a Las Vegas-based brokerage. The move will add 400 agents to…
CNBC’s Diana Olick joins ‘The Exchange’ to report on how mortgage rates are moving after the Federal Reserve cut interest rates.