Ellington Financial (EFC) to Acquire Longbridge Financial
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Ellington Financial to Acquire Longbridge Financial
February 23, 2022 4:56 PM ESTEllington to Gain Controlling Interest in Industry-Leading Reverse Mortgage Lender
Commitment Validates Growth and Performance of Longbridge Operating Platform and Proprietary Products
OLD GREENWICH, Conn. & MAHWAH, N.J.--(BUSINESS WIRE)-- Ellington Financial Inc. (NYSE: EFC) (Ellington Financial), a real estate investment trust investing in a diverse array of financial assets including residential and commercial mortgage loans, and Longbridge Financial, LLC (Longbridge), an industry-leading, national reverse mortgage loan originator and servicer, today announced that Ellington Financial has entered into a definitive agreement to purchase an additional... More
