Even as originations stay slow, Longbridge parent remains committed to reverse mortgages

Ellington Financial, parent company of top 10 reverse mortgage lender Longbridge Financial, reported a lower economic return for the fourth quarter of 2023, which was partially driven by net losses from Longbridge “and other positions,” according to CEO Laurence Penn.Penn added, however, that Longbr
Read MoreEasyKnock closes another funding round

EasyKnock completed a $28 million Series D funding round, the company announced on Wednesday.Northwestern Mutual Future Ventures, the venture capital arm of financial services company Northwestern Mutual, joined as an investor in this round. With its newest influx of capital, EasyKnock aims to adva
Read MoreConsumer advocacy group: Buyer agency agreements often contain “unfair” terms

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect
Read MoreBay Area lawmakers OK new ADU guidelines to spur construction, citing needs of seniors

The Marin County Board of Supervisors in Northern California on Tuesday approved reduced fees to build accessory dwelling units (ADUs) in unincorporated parts of the county, according to an announcement by county officials.Marin County is situated across the Golden Gate Bridge, north of San Francisc
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