Longbridge Financial and Mutual of Omaha Mortgage have agreed on a confidential settlement resolving all claims in a reverse mortgage advertising lawsuit dating back to late 2024. AI Summary
Two leading reverse mortgage lenders have agreed to a settlement in a lawsuit alleging improper advertising practices, according to a court docket reviewed by HousingWire’s Reverse Mortgage Daily (RMD).
The dispute between Longbridge Financial and Mutual of Omaha Mortgage was filed in the U.S. District Court for the Southern District of California in late 2024. Longbridge alleged that a network of advertising websites was deceptive and failed to clearly disclose Mutual of Omaha’s control over at least one of the sites…