Last week, Ellington Financial (NYSE: EFC) announced that a deal was reached to acquire leading reverse mortgage lender, Longbridge Financial. Since this announcement, Ellington has repeatedly relayed great confidence in its decision – noting favorable demographics for the reverse mortgage industry, in addition to Longbridge’s portfolio of mortgage servicing rights and confidence in Longbridge’s financial standing.
Initial reactions to the deal have been overall positive across the reverse mortgage landscape. For a better understanding of how the deal could impact the industry, Reverse Mortgage Daily reached out to a group of analysts who specialize in different industry segments, as well as the mortgage market broadly.
To learn more and see how the analysts weighed in, read the full article in Reverse Mortgage Daily.