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Major reverse mortgage companies like Finance of America (FOA) and Ellington Financial — the parent of reverse lender Longbridge Financial — recently released their third-quarter 2024 earnings results, with FOA in particular posting strong numbers while Ellington continues to tout the versatility of Longbridge in its overall portfolio. Recently, HousingWire’s Reverse Mortgage Daily (RMD) sat down with UBS analyst Douglas Harter to take a closer look at investors’ attitudes toward these companies in the here and now. When looking ahead at the future, there are some unsettled questions regarding the outlook of certain details within the Home Equity Conversion Mortgage…

The Comcast NBC logo is shown on a building in Los Angeles, California, June 13, 2018.Mike Blake | ReutersComcast is moving forward with the spinoff of its cable network channels, a person familiar with the matter told CNBC’s Julia Boorstin on Tuesday.The separation is expected to take about a year, and an announcement from the company could come as early as Wednesday, the person said. The company had announced during its quarterly earnings in October it was considering a split of the cable networks.The spinoff was first reported by The Wall Street Journal.Other networks apart of the spinoff include E!,…

Weather Forecast: US West coast braces for once-in-a-decade bomb cycloneA storm developing off the coast of the US northwest is forecast to bring high winds, flooding and snow to over seven million residents living in states along the Pacific Ocean. It started impacting the region Tuesday and is expected to worsen through the end of the week, according to the National Oceanic and Atmospheric Administration (NOAA).Beyond wind, rain and snow, the storm could also bring flash flooding, rock slides and debris flows as well as heavy mountain snow and blizzard conditions in areas of high elevation.The “bomb cyclone” – as…

Lindsay Lohan James Devaney/GC Images/Getty Images Lindsay Lohan just may have the glow-up of all glow-ups. When the actress stepped out in New York City on Monday, November 18, to attend a screening of her forthcoming Netflix flick, Our Little Secret, she seemed to have a secret of her own in the form of how she underwent a radical style and beauty transformation. Lohan, 38, had a goddess-worthy fashion moment in a showstopping sheer black dress with a plunging neckline cut down to there. Her gown was encrusted with a pair of dazzling crystal-and-stone embellishments that sent cameras flashing. The…

Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. Portions of this article were taken from a previous post on Inman and updated on Nov. 15, 2024. We believe that any competent Realtor should be able to explain every detail of a purchase agreement (also known as a contract).  This is especially important for new agents, so…

In the two weeks since the election, Elon Musk and Donald Trump have been pretty much inseparable.Musk spent at least $119 million to boost Trump’s 2024 presidential campaign.The Tesla CEO is set to co-lead the Department of Government Efficiency in Trump’s second term.It’s been two weeks since President-elect Donald Trump won another four years in the White House. Tesla CEO Elon Musk has been by his side for much of that time.Over the past fourteen days, Musk has hopped on the phone with at least two two foreign leaders, been tapped to lead his own government-efficiency commission, offered advice to…

Elon Musk, the world’s richest man, launched the sixth test of his SpaceX rocket with United States President-elect Donald Trump joining him to watch. Trump and Musk travelled to Brownsville, Texas, on Tuesday to attend the launch of the giant Starship rocket at SpaceX’s test site in nearby Boca Chica. The rocket lifted off shortly after 5pm (23:00 GMT), about an hour behind schedule. But SpaceX chose to abort a planned attempt to catch the first-state booster of the rocket using the ‘chopstick’ technique, instead allowing it to fall into the ocean. The last Starship test flight in October made…

Play video content Elon Musk is treating Donald Trump to quite the show … with SpaceX’s Starship megarocket blasting off into space and attempting to make another perfect landing back on the launch pad … and TMZ is streaming live. The biggest rocket ever made is set to blast off Tuesday from the company’s Starbase launchpad in Boca Chica, Texas for Starship Flight 6 … in a test to see if both stages of the spacecraft — the Super Heavy booster and the Starship capsule — will return safely back to Earth … and Trump has a front-row seat. One…

Lamacchia Realty is continuing its acquisition spree. On Tuesday, the New England-based firm announced its acquisition of Massachusetts-based Stone Ridge Properties. The financial terms of the deal were not disclosed. Founded in 1990, Stone Ridge Properties has offices in Amesbury and Newburyport, Massachusetts. It is owned by Cathy Toomey, Celine Muldowney, Erica Puorro, Marc Ouellet, Nick Motsis and Sandy Berkenbush. Its agents serve clients on the North Shore of Massachusetts and in southern Maine and New Hampshire. “I’m extremely excited to finally substantially grow our presence on the North Shore, and up the New England coast. This merger will also…

Pennsylvania Republican U.S. Senate candidate Dr. Mehmet Oz poses for a portrait outside of a poling location during the primary election in Rockledge, Pennsylvania, U.S. May 17, 2022. Hannah Beier | ReutersPresident-elect Donald Trump on Tuesday said he would nominate Dr. Mehmet Oz — celebrity TV host and former U.S. Senate candidate — as Centers for Medicare & Medicaid Services administrator.CMS operates or oversees programs that provide health coverage to about 1 out of every 2 Americans, including Medicare, Medicaid, the Children’s Health Insurance Program, and the Obamacare marketplace exchange Healthcare.gov.Those four programs account for $1.6 trillion in spending, or nearly…