Ellington Financial Inc. (NYSE:EFC) agreed to acquire additional 49.6% stake in Longbridge Financial, LLC from Home Point Capital Inc. (NasdaqGS:HMPT) for $75 million on February 18, 2022. For the year ended December 31, 2021, Longbridge reported a total assets of $6.7 billion, total liabilities of $6.6 billion and net assets of $123.5 million. The transaction is subject to customary closing conditions, including regulatory approvals and is anticipated to close in the second quarter of 2022.
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