Real Estate & Home

Longbridge nearly doubles Q4 profit as parent Ellington reports weaker performance

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Ellington Financial reported a drop in quarterly earnings despite its subsidiary Longbridge Financial nearly doubling its profit to $16.4 million. This strong performance was driven by higher origination volumes and improved profitability from reverse mortgage securitizations, highlighting the growing importance of reverse mortgages in Ellington's earnings mix for content creators focusing on mortgage trends.

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