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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Commission lawsuits and industry practice changes will face off in our final bracket challenge. Inman readers, vote now and let us know what you think is the most important story of 2024.
Existing-home sales rose 6.1 percent annually in November while three out of four U.S. regions saw increases from 2023, according to new data released Thursday by the National Association of Realtors.
The U.S. Department of Housing and Urban Development (HUD) on Thursday announced that it has awarded $225 million to 17 groups across 26 states as part of its Preservation and Reinvestment Initiative for Community Enhancement (PRICE) program that was launched earlier this year. The $225 million was initially announced by the White House in February….