Analysts: Longbridge acquisition deal indicates good things for the lender and its buyer
Housing Wire
MARCH 4, 2022
Last week, mortgage investment firm Ellington Financial (NYSE: EFC) announced that it had reached a deal to acquire leading reverse mortgage lender Longbridge Financial, in a deal valued at roughly $75 million for a 49.6% Ellington has a multi-decade history as a successful mortgage capital markets investor,” McCully tells RMD.
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