Longbridge parent issues $243M private reverse mortgage securitization by Chris Clow for HousingWire

HousingWireHousingWire Ellington Financial, the parent company of major reverse mortgage lender and servicer Longbridge Financial, announced this week that it has issued a $243 million proprietary reverse mortgage securitization backed entirely by Longbridge’s “Platinum” product line. The loans will also continue to be serviced by Longbridge, according to the announcement…

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HUD awards $225M to preserve and renovate manufactured homes across 26 states by Chris Clow for HousingWire

HousingWireHousingWire The U.S. Department of Housing and Urban Development (HUD) on Thursday announced that it has awarded $225 million to 17 groups across 26 states as part of its Preservation and Reinvestment Initiative for Community Enhancement (PRICE) program that was launched earlier this year. The $225 million was initially announced…

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