New York Reverse Mortgage Market Expands with Longbridge State Approval

Reverse Mortgage Daily

The reverse mortgage market landscape in the state of New York is poised to grow once more, this time with the more direct entry of Longbridge Financial. The lender recently gained approval for its mortgage banker license from the New York Department of Financial Services to originate Home Equity Conversion Mortgages (HECMs) in the state, expanding its origination footprint to 49 states.

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