Two of the nation’s largest reverse mortgage lenders, Longbridge Financial and Mutual of Omaha Mortgage, have asked a federal judge to dismiss a lawsuit over alleged improper advertising practices, ending a dispute that began in September 2024.

According to a joint filing on Tuesday in the U.S. District Court for the Southern District of California, the companies agreed to dismiss “each and every claim and cause of action” in the case, including counterclaims, effective immediately. The filing states that the parties will bear their own costs and seeks dismissal with prejudice, meaning that Longbridge cannot refile a case details ⇒

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