Ellington Financial reported strong financial performance from its reverse mortgage subsidiary, Longbridge Financial, during its third-quarter earnings call on Thursday.

Longbridge posted net income of $8.6 million from July through September — down from the $10.7 million profit it achieved in the second quarter but a continuation of a positive trend after its $1 million loss in the first quarter of 2025.

During the third quarter — shortly before federally insured Home Equity Conversion Mortgages (HECMs) were stalled by the federal government shutdown — Longbridge originated $498.6 million in volume across its HECM and proprietary lending segments. Its details ⇒

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