Despite the potential for uncertainty ahead, reverse mortgages continue to be a positive addition to the overall portfolio of Ellington Financial.This is according to an earnings presentation the company held on Friday morning, detailing its financial performance in the fourth quarter of 2024. Multi

During Rocket Companies‘ third-quarter 2024 earnings call, the Detroit-based parent company of Rocket Mortgage said that it expected adjusted revenue of $1.05 billion to $1.2 billion in the fourth quarter.But on Thursday’s earnings call for Q4 2024, the company reported that it generated net revenue

The Consumer Financial Protection Bureau (CFPB) has voluntarily dismissed a lawsuit against Vanderbilt Mortgage & Finance that accused the Tennessee-based lender of pushing borrowers into “unaffordable loans” that, in some cases, caused them to lose their homes.The case against Vanderbilt was one of

The National Reverse Mortgage Lenders Association (NRMLA) this week announced its first conference of 2025 in the form of its Western Regional Meeting, the first such event to take place since 2023.NRMLA will hold the event in Irvine, California, on April 29, initially announcing it via an emailed m