Deal expected to close in fourth quarter of this year.
Ellington Financial Inc., a real estate investment trust that acquired a controlling interest in reverse mortgage lender Longbridge Financial LLC last year, said Tuesday it has agreed to acquire Arlington Asset Investment Corp. (AAIC). Under the terms of the merger agreemen...
Redfin report finds investors pumped the brakes due to high mortgage rates, low inventory.
Real estate investors face the same issues homebuyers are dealing with in the housing market: high interest rates and low inventory. According to a report from Redfin, that resulted in real estate investors buying 48.6% fewer homes in the first quarter of 2023 than they did...
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