NYSE:EFCMortgage REITs
Ellington Financial Brings Mortgage Servicing In House To Tighten Credit Control
Ellington Financial (NYSE:EFC) has announced plans to acquire a small residential mortgage servicer.
The deal is intended to bring more servicing work in-house, with a focus on delinquent loans.
Management has reiterated its focus on growing loan origination market share and maintaining credit performance.
For investors watching NYSE:EFC, this move comes as the stock trades around $13.14, with a 1.4% gain over the past week and 11.6% over the past month. Over the past year, the share price...