Longbridge endures Q1 loss, but leaders tout ‘positive contributions’

Despite a slowdown in overall Home Equity Conversion Mortgage (HECM) volume in the first quarter of 2025, Longbridge Financial contributed positively to parent company Ellington Financial. Overall performance at Ellington saw $31.6 million in net income to common stockholders, up from $22.4 million the prior quarter. Longbridge posted a net loss of $1 million for the quarter. However, reverse...

Huffines Communities Announces Sale of Heritage Towers, a Premier Multifamily Asset in Lewisville, Texas

Dallas, TX - Huffines Communities, a leading residential developer in the Dallas-Fort Worth Metroplex, is pleased to announce the sale of Heritage Towers, a 282-unit luxury apartment community located in Lewisville, Texas. Completed in mid-2023, Heritage Towers established itself as a market leader, achieving 95% occupancy within its first year. The community was recognized as a finalist in several...

Disney Announces New Landmark Theme Park Resort in Abu Dhabi

This will be the seventh Disney theme park globally The Walt Disney Company and Miral, Abu Dhabi's premier developer of immersive destinations, have unveiled plans to develop a groundbreaking Disney theme park resort on Yas Island, marking a historic expansion of Disney's global footprint. Set along the scenic Yas Island waterfront--already a world-renowned hub for entertainment and tourism--the upcoming...

Is it a good time to sell a house? ‘No’ is increasingly the answer

President Donald Trump’s trade war has turned perceptions of the U.S. economy upside down, and data is beginning to trickle in on how tariffs might impact consumer behavior in the housing market. The latest numbers come from Fannie Mae‘s Home Purchase Sentiment Index, which measures consumer attitudes on housing using six questions from a national survey. The survey was conducted from April...

Finance of America posts a profit, beats funded volume estimates in Q1 2025

In beating its estimates for funded loan volume — and by posting a profit — in the first quarter of 2025, reverse mortgage lender Finance of America (FOA) saw its volume improve by nearly one-third compared to numbers from Q4 2024. The company is maintaining a bullish outlook for business in the months ahead. The company earned $13 million in adjusted net income in Q1 2025, which marked an...

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