Mahway, NJ (PRWEB) June 02, 2017
Longbridge Financial, LLC. ("Longbridge"), a national reverse mortgage loan originator based in Mahwah, New Jersey, announced today that it was approved as a Ginnie Mae issuer of HECM-mortgage backed securities (HMBS). This approval allows Longbridge to offer its customers and the reverse mortgage industry highly competitive pricing and to continue to provide unparalleled service for their retail and secondary market transactions.
Chris Mayer, CEO of Longbridge, said, “The Ginnie Mae Approval is an important milestone in our company's growth. We are very pleased to have passed Ginnie Mae's evaluation process and are excited to offer qualified Americans the opportunity to responsibly use home equity to have a better retirement.”
Longbridge is the 14th active approved Ginnie Mae HECM-mortgage backed securities (HMBS) issuer. Longbridge is proud to work with its partners and investors Home Point Capital and Ellington Financial LLC to provide seniors the benefits of increased competition and liquidity in the HMBS market.
About Longbridge Financial, LLC
Longbridge Financial is a top-rated national reverse mortgage lender and servicer that helps seniors responsibly utilize their hard-earned home equity to improve their retirement and address the financial challenges affecting so many older Americans. Founded in 2012 and led by an Ivy-league professor, Longbridge works every day to expand the reverse mortgage market by educating homeowners about how they can take advantage of this powerful financial instrument. The company is committed to serving its customers with transparency, unparalleled expertise and efficiency, the highest level of personal service, and the many advantages that come with its industry-leading Gold pricing. For more information about Longbridge Financial, see http://www.longbridge-financial.com
About Home Point Capital
Home Point Capital LP is a financial services holding company founded in 2014 and owned by members of management and by investment funds managed by Stone Point Capital LLC. Home Point Capital’s subsidiary, Home Point Financial Corporation, is a nationwide mortgage banking business focused on multi-channel residential mortgage origination and servicing. For further information about Home Point Financial, see http://www.homepointfinancial.com
About Ellington Financial LLC
Ellington Financial LLC is a specialty finance company that primarily acquires and manages mortgage-related and consumer-related assets, including residential mortgage-backed securities, residential and commercial mortgage loans, consumer loans and asset-backed securities backed by consumer loans, commercial mortgage-backed securities, real property, and mortgage-related derivatives. The Company also invests in corporate debt and equity, including distressed debt, collateralized loan obligations, non-mortgage-related derivatives, and other financial assets, including private debt and equity investments in mortgage-related entities. Ellington Financial LLC is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C. For further information about Ellington Financial, see http://www.ellingtonfinancial.com
For media inquiries, please contact Melissa Macerato: mmacerato(at)longbridge-financial(dot)com