Servicing the Biggest Benefit for Ellington in Arlington Buy

National Mortgage News, May 30, 2023–Brad Finkelstein (subscription)
Ellington Financial, in a bid to increase its mortgage servicing portfolio, agreed to buy Arlington Asset Investment in a stock and cash deal valued at approximately $154 million. Currently, Ellington has a reverse mortgage servicing portfolio from its controlling interest in Longbridge Financial, which it picked up from its former partner in that investment, Home Point Capital, in a deal announced in May 2022.